Hello everybody again.

Sorry for posting my first indicator (MIDAS) to Technical Analysis section.Somehow I couldnt manage to open a new thread for that indicator in this section at that time. Now things look ok. Maybe it should be moved here also.
http://www.traderslaboratory.com/for...-mt4-6538.html

So this is my second indicator. And this indicator is created to be able to follow Jperl's Market Statistics thread on MT4.

As I already talked about in my MIDAS post these are my first indicators and I am just learning MQL. So feel free to send me comments, bugs,anything...

I might also post skewness indicator in a later post.


Thanks for trying..

Akif,

[BlowFish]

Originally Posted by RobinHood69 »

Hello Blowfish,
I learned about Value areas from Larry Levin on how and why floor traders use these areas where 70% of all the volume was traded during a certain period of time is where value areas are calculated. I also found a PDF from Market Delta show some brief history and how to trade these value areas.

Hope that helps.

If you want the PDF let me know I have it in my other computer.

Thanks,

Robinhood69

I made the mistake of buying his course. Certainly not one of my best purchases <blush>. I have a large trading library though.

I was wondering what the actual indicator is that plots the value histogram, probably didn't express myself that well.

[shreem]

Hello guys. As I am also a big fan of Jperl threads on market statistic, here is a pic of EUR A0-FX spot forex with investor R/T as charting software and esignal as the data feed.

The volume profile plotted can be customized as one want. It can either be dynamic as Jperl is using it or it can be static as to encompass how many profile days one want to incorporate.

Also, a neat default feature of the VWAP in Investor R/T is that instead of plotting it as lines overlayed on the chart with all its standard deviation, you can have it plotted at bottom of chart and you will easily see what each bar traded was at which band of the VWAP.

Shreem

[firstnatt]

Skewness indicator v1 it predicts future two bars in advance on 5 min timeframe.
But wonder if someone did research re. this indicator , when you change parameters starting from: eg. one day or two days or even 6 hours it will give complete different skew.


Erik

[firstnatt]

Do You have better indicators than skewness v1 or kurtosis v1 for Metatrader ?

[akifusenet]

Originally Posted by firstnatt »

Do You have better indicators than skewness v1 or kurtosis v1 for Metatrader ?

I think I have to contact the admin to edit the first post so as I am too lazy I will just post here. In the attachment you can find the latest version of indicator. Concept has changed thats why just try out and you will find easily how to use it. for other statistical concepts I am adding deviations indicator. Explanation directly copied from mladen post:

Parameters are simple except maybe for the mode parameter
Mode parameter values :
0 - A simple moving average (nothing else )
1 - variance
2 - average (absolute) deviation
3 - standard deviation
4 - skewness
5 - kurtosis