Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2011.08.05 15:03
Indicators

Entropy - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
4275
Rating:
votes: 14

Real author:

https://www.mql5.com/ru/forum/109556

The entropy is the measure of the disorder of the system. The entropy is calculated using the Maximum Entropy Method.

If we try to evaluate it according to its indicative attributes without paying much attention to its code, we will find out that it is an ordinary unnormalized oscillator and it is possible to apply to it all appropriate technical analysis methods. The indicator was presented in two variants - as a line (Entropy.mq5) and as a multicolored histogram (ColorEntropy.mq5).

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 5.07.2008.

Entropy and ColorEntropy

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/397

Support and Resistance Support and Resistance

The "Support and Resistance" indicator shows the support and resistance levels using the Fractals indicator by Bill Williams.

Module of Trade Signals, based on BrainTrend2 indicator Module of Trade Signals, based on BrainTrend2 indicator

A Lime candle of BrainTrend2 indicator is a signal to open a long position, a Magenta candle is a signal to open a short position.

Donchian Channels Donchian Channels

Donchian Channels is a volatility indicator based on the calculation of the current price range with using the recent highest and lowest prices.

Keltner Channel Keltner Channel

Keltner Channel is volatility-based envelopes set above and below an exponential moving average.