Indicators: Uniformity Factor Indicator

New comment
 

Uniformity Factor Indicator:

This is a simple analytical (non-signal, one-time calculated) indicator that allows you to test the hypothesis that price timeseries represent a "random walk", specifically Gaussian "random walk". This can help to construct a parametric transformation of price increments into evenly distributed, more stable and predictable time series, at least in terms of volatility.

Uniformity Factor Indicator

Author: Stanislav Korotky

 
Stanislav Korotky:

Uniformity Factor Indicator:

Author: Stanislav Korotky

Nice utility.

Just an FYI... I had to change Period in line 35 to period (etc.):

input int period = 200;

and change _period to _Period in line 202:

      _Symbol, StringSubstr(EnumToString(_Period), StringLen("PERIOD_")), period, N);

in order to compile the indicator in MT5 Beta Build 5488 (I do my development there to stay ahead of the curve, so to speak).

Anyway, my days of manually hunting for the best Renko brick size are officially over. Thank you.

 
Ryan L Johnson #:

Just an FYI... I had to change Period in line 35 to period (etc.):

Thank you for reporting the problem. I replaced Period with MaxDistance.
New comment