Scripts: Uniformity Factor Script

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Uniformity Factor Script:

The script provides a quick estimation of an exponent/power factor for transformation of variable-length price increments into uniform distibution, that makes them a "random walk". The estimated value characterizes current symbol as more profitable when using in a particular trading strategy.

Uniformity Factor Script

Author: Stanislav Korotky

 
It would probably be more convenient to implement this as an advisor without input parameters for optimization in the tester across all symbols. Then the output would be a clear table.
 
fxsaber #:
It would probably be more convenient to implement this as an advisor without input parameters for optimization in the tester across all symbols. Then the output would be a clear table.

Yes, it's interesting, but my task was to estimate specific symbols I'm intended to work with, whereas my market watch contains a lot of other symbols used as indicatives for technical analysis, not trading.

But I don't think optimization should be involved - just an EA which processes all symbols in the market watch.

 
Stanislav Korotky #:

Yes, it's interesting, but my task was to estimate specific symbols I'm intended to work with, whereas my market watch contains a lot of other symbols used as indicatives for technical analysis, not trading.

But I don't think optimization should be involved - just an EA which processes all symbols in the market watch.

A research terminal is provided, allowing you to edit the marketwatch in any way. The Tester makes it easy to select the desired historical interval. And it doesn't depend on the number of bars available on the chart.
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