Something Interesting - page 57

[Sergey Golubev]

Building an EquiVolume Indicator in MQL5

This article shows how to build an EquiVolume indicator in MQL5. It transforms traditional candles into volume‑weighted boxes whose width depends on relative trading activity within a lookback period. We will implement a step-by-step process that identifies maximum volume, normalizes all other volumes against it, and converts them into proportional visual widths for each candle. The result can be used to analyze market strength, highlight high-participation zones, and improve price action interpretation for both manual trading and algorithmic strategy development.

[Sergey Golubev]

Encoding Candlestick Patterns (Part 3): Frequency Analysis for Single Candlestick Type Structure

Frequency analysis is widely used in many disciplines, including linguistics, genetics, and data science, to identify dominant structures within large datasets. Applying the same principle to encoded candlestick data allows us to determine which market structures occur most frequently, which are relatively rare, and whether certain combinations exhibit recurring behavior that may warrant further investigation.