MovingAverageDeviationBandsMT5: Volatility-adaptive MT5 indicator for clearer trend entries and exits

This MovingAverageDeviationBandsMT5 review in 2026 focuses on performance and provides an in-depth analysis of how the indicator behaves across live accounts and backtests. The indicator differentiates itself by decoupling the volatility measure from a single SMA reference and allowing standard deviation bands around EMA, WMA, SMMA, ZLMA and other moving averages. That design choice is central to the performance analysis because it permits traders to match band sensitivity to market structure instead of relying solely on SMA-based volatility. MovingAverageDeviationBandsMT5 works by calculating a chosen moving average and then applying a configurable number of standard deviations to create upper and lower bands. Entry signals typically occur on price touches or band crossings that align with the moving average slope, while exits use band contraction, opposite signals, or configurable trailing rules. The algorithm includes optional multi-timeframe confirmation to reduce whipsaw in low-volatility ranges. In practice, MovingAverageDeviationBandsMT5 performs best in trending and moderately volatile markets where band expansion confirms directional momentum. Risk management is embedded via adjustable stop loss, take profit and trailing parameters, and recommended position sizing based on ATR multiples. Expected performance characteristics include a moderate win rate with larger average winners when trends persist, and controlled drawdowns when proper sizing and filters are applied. The developer Chishi Suginio has prioritized configurability and MT5-native efficiency to keep execution realistic on retail brokers.