Unknown Indicator
Mean Deviation In A Nutshell
A way to implement this tool is if you’re investing and want to ensure you equity or product is not getting to far from the mean. If you notice the product is increasing and is way past the deviation levels, this could be an indication you may want to look at taking products. This tool could work for intra day trading as well, giving you areas to watch and take action if the product gets too out of line.
Similar to standard deviation, this is a way to gauge how far a data point is from the mean or where is should be speaking in loose terms. The mean deviation is the mean of that data you are analyzing’s absolute deviations around the mean of your data, or the average distance from the mean. So, similar to standard deviation, it is telling you where the data should be and when to be alert that is has gone too far from the average or mean.
Closer Look at Mean Deviation
When using products such as this, it is important to fully understand what makes up the equation, that way you know how it works and can adjust it in the future. Sure, you may understand the data it puts out, but you may not know why it is what it is. That way, if a data point gets to far away, you can analyze why that is. Be sure to test this out on a demo account first, that way you understand how it functions and if it will be a good fit. If you ever have questions, reach out to an investing community and begin bouncing ideas off of others. That is the best way to learn how this is being used in the real financial world.
Other Indicators
All Technical Analysis
Explore Investing Opportunities
You can quickly originate your optimal portfoio using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did you try this?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Other Complementary Tools
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |