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Using a Higher Timeframe with the Ozymandias Standard Deviation Indicator

Article MQL5 code base
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Summary

This short document describes a higher-timeframe variant of the Ozymandias standard deviation indicator. Its stated addition is a timeframe input, which lets the user select the chart period from which the indicator draws its data. The example setting shown is a four-hour period, but users can choose a different timeframe through the indicator parameters.

The variant depends on the base Ozymandias standard deviation indicator being installed in the platform’s indicators folder. The document identifies an accompanying figure but provides no explanation of the indicator’s calculation, interpretation, trading rules, or empirical results. It therefore explains a configuration option and dependency, rather than how to use the indicator to make or evaluate trades.

Key ideas

  • The indicator variant adds a user-selectable timeframe parameter.
  • The example configuration uses a four-hour chart period.
  • The base Ozymandias standard deviation indicator must also be installed.
  • The document does not specify trading rules or provide performance evidence.

Tags

Technical indicatorsVolatility

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.