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Indicators

Quartiles - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
2726
Rating:
votes: 12
Published:
2012.01.12 13:05
Updated:
2016.11.22 07:32
quartiles.mq5 (10.29 KB)view

Real author:

LeMan

The indicator shows the first, second and third quartiles of the sample. Quartiles is a set of quantiles for p=0.25, 0.5, 0.75. Their estimates (quartiles of the empirical distribution) are the values that divide a data sample into four groups containing (if possible) the same number of observations.

When talking about quartiles we usually mean upper q3 and lower q1 quartiles; the second quartile is the median q2.

Lower q1 quartile is the value, below which a quarter of data is located in an ordered set, while upper q3 quartile is a value, above which a quarter of data is located in an ordered set.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 23.09.2010.

Quartiles

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/690

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