Probability Maps in MT4
Hello,
I just want to know if there is a way to produce something like that
in MT4.
Thank youI saw many software programes that producing that kind of prediction of the price movement. And I saw some charts in some brokers in MT4. Probably there is indicator for that but I've never met it.
Very nice, thanks
What inputs for one hour charts?
original settings work v well for 4hr.
Gordon
Requires and external DLL
Vetkasta
Based on the metatrader API, the best way to accomplish what you are looking for is by writing a 'C' type external DLL that will write to the metatrader chart screen. This is not something a novice coder can do.
The screenshot looks a lot like the Tradestation ProbabilityMap.
If you have Tradestation you can access or modify the Probability Density Logic that it uses via Easylanguage code.
I'm not familiar with the Prob Map capabilities of the latest version of Tradestation, but earlier versions came with "Normal Range" and "Normal Distribution" Prob Maps built in. These maps assume the data follows a "Normal" distribution. ...and markets do not have Normal distributions.
One author wrote that the Probability function in these "needs to be replaced w/ one that reflects actual market activity" which could be a daunting task for anyone but an advanced programmer.
check these out for more info:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hello,
I just want to know if there is a way to produce something like that
in MT4.
Thank you