This function is available on the Add Study window and in the Formula Toolbox.
Mean deviation is the mean of the distribution between the close and the mean of the closes over the number of bars the user enters. For example: the mean deviation returns 1/N times the sum of the absolute value of the close minus the average of the closes over the user selected number of bars.
Example: MnDev(@,10)
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Parameter |
Description |
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Display |
Opens a sub-window with display properties: •Color = Select a line color. •Weight = Type a value for line thickness. •Display = Select line style: line, histogram, or dash. •ShareScale = Assign a behavior for functions and studies sharing the vertical scale: •Auto = System determine whether sharing is feasible. •On = Scale is shared regardless of the functions and studies displayed. •Off = Scale is not shared. |
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MarkIt |
Opens the Specify Conditions for Marking Bar window. |
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Price |
Price used for calculations. |
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Period |
Number of bars used in the calculation. |