Market Statistics (Volume Histogram, VWAP with SD bands) - page 2

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akifusenet
292
akifusenet  

Market_Statistics_v2 released

akift:
I finished modifying for the end date. Just need to get home to connect that computer to internet(which will be around 2 hours later ) Akif,

Ok here is the version 2.

Now we have an end date. And also every line can be turned on/off

And I also attach how a VWAP can be used for quick profits.

Akif,

Walander
576
Walander  

Ak,

Well done.

eiman105
13
eiman105  
akift:
Ok here is the version 2.

Now we have an end date. And also every line can be turned on/off

And I also attach how a VWAP can be used for quick profits.

Akif,

Hi Akift,

I can't download the 2nd version. It says "Attachments Pending Approval". Is this noraml here?

Arshed Qureshi
158
Arshed Qureshi  
eiman105:
Hi Akift, I can't download the 2nd version. It says "Attachments Pending Approval". Is this noraml here?

It will be available soon .... wait

kang_gun
524
kang_gun  
akift:
Hi again,

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

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,

Thank you akift, great works....

btw, could you put an option to show or not show the histogram.. I believe we just need PVP, VWAP and Standard Deviation Lines....

Just try to put the the indicator start frow the lowest/highest waves on big TF (H4 above).. damn very interesting...

You are good man...

Regards,

KG

akifusenet
292
akifusenet  
kang_gun:
Thank you akift, great works....

btw, could you put an option to show or not show the histogram.. I believe we just need PVP, VWAP and Standard Deviation Lines....

You're welcome.You are right, histogram is mostly for visualization purposes. I think you didnt download the v2 yet. With v2 now all lines can be turned on/off.

And for not making histogram totally useless, you can check the histogram to find out the second longest bar(which is a candidate for the PVP jump).

kang_gun:

Just try to put the the indicator start frow the lowest/highest waves on big TF (H4 above).. damn very interesting...

Yes exactly. Put a vwap on to a turning point and it will lead you the possible reflection points.

I am thinking of automatically finding turning points(like fractals)[maybe on higher time frames like you suggested] and put a VWAP on them automatically rather than manually...How does that sound?

Akif,

eiman105
13
eiman105  
akift:
You're welcome.You are right, histogram is mostly for visualization purposes. I think you didnt download the v2 yet. With v2 now all lines can be turned on/off.

And for not making histogram totally useless, you can check the histogram to find out the second longest bar(which is a candidate for the PVP jump).

Yes exactly. Put a vwap on to a turning point and it will lead you the possible reflection points.

I am thinking of automatically finding turning points(like fractals)[maybe on higher time frames like you suggested] and put a VWAP on them automatically rather than manually...How does that sound?

Akif,

Sounds very interesting. How about using zigzag to show us the High/Lows. I suggest using the last n (5 would be nice) high/lows. And drawing seperate VWAPs for each one.

By the way, I still can't download the V2.

biddick
339
biddick  

Akif,

Thanks for the indicator, great work,also looking forward to see your skewness indicator.

xx3xxx
1756
xx3xxx  

I think it is a good programming effort

but we must see some charts, (like 2 hours apart) that the curve is able to PREDICT -- and show us the best entry point

beside, currency is unlike the stock market -- which is a rubber balloon market

even there is oversold, undersold, but the volume data is an indirect indicator of tick movement maganitude

and money just pour from left hand, to right hand and then back every day

so , not sure that the market statistics will work, but it is a good try , in programming

-- maybe your vertical chart drawing skill will led you to combine few cool indicator in the FUTURE

Limstylz
198
Limstylz  

This is very similar to market profile

The market statistics indicator is very similar to what is shown by the market profile indicator (except that your indicator shows more lines where there are other prices with high volumes as well as the PVP).

I have attached a document for you to see the very similar concepts and although market profile was devised for stocks and commodities like market statistics was, market profile has and is used by a vast number of traders who have crossed over to forex.

I have also attached a market profile indicator for you to see how similar it matches with your visuals. I have made a very minor adjustment to the original code so that the POC is in front rather than behind.

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