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MAVO Quant Indicator

Features overview

With the MAVO Quant Indicator you get a tool that carries out a quantitative analysis of the current market situation with each new candle.

The result of the analysis can be used to draw conclusions about the possible course of the price.

The indicator is suitable for all timeframes and can be used for Forex, indices, commodities and everything else.

All parameters used for quantitative analysis as well as the appearance can be configured.

The indicators used for the quantitative analysis can be switched on and off as required.


Core configuration settings

  • Minimum pips to reach - The amount of pips you want the price to go in one direction to be considered as a buy or sell movement.
  • Amount of bars to look ahead - The number of bars within which the min. pips have to be reached.
  • No. of bars to search back - The number of bars to search for similar events.
  • No. of events to search - Defines how many events will be searched and put into calculation.



How does the MAVO Quant Indicator work?

The exact function of the MAVO Quant indicator is best explained by the following example:


Given that the following values are set for the following parameters:

Parameter
Value
Minimum pips to reach8
Amount of bars to look ahead5
No. of bars to search back5000
No. of events to search 10
Enable RSI
true
RSI Upper level
70

Furthermore, we assume that with completion of the last candle the RSI has closed above the RSI upper level of 70.

Percentage distribution

If an occurrence of the same event has been found, it is checked whether the course in the following 5 candles (Amount of bars to look ahead) has risen or fallen by at least 8 pips (minimum pips to reach). If the price first rose 8 pips, this event will be considered a buy event. Analogue as sell event, if the price in the following candles should have dropped by 8 pips. If the price did not rise or fall by 8 pips, the event is considered neutral. Assuming a total of 10 events were found, where 7 were rated as buy-events, 2 as sell-events and 1 as neutral, the following picture emerges for the indicator RSI: 70% buy, 20% sell.

The result shows that the course after the event "RSI is over 70" has risen by at least 8 pips in 7 cases within 5 candles for the last 10 times.

Now let's assume that for a further indicator (e.g. ADX) an event has also occurred at the same time and the following picture shows up for this one: 50% buy, 50% sell.
The overall picture would be composed of the average (arithmetic mean) of both indicators - in this case 60% buy and 35% sell.

Absolute pips and their deviation

In addition to the percentage, the distribution of the buy and sell events is determined by how many pips the price in the following 5 candles has risen or fallen (at least 8 pips) and the deviation of the individual occurrences is calculated.

Similarly to the percentages, the values are consolidated as arithmetic mean in the upper right-hand corner as total statistics.


List of indicators considered and their events

The parameters of each individual indicator are freely configurable, as you would do when using the indicators standalone on your chart. Please see https://www.metatrader5.com/en/terminal/help/indicators for more info.

Furthermore, individual indicators can be excluded from the quantitative analysis.

ADX (Average Directional Movement Index)

  • di+ crossed
  • di- crossed

BOB (Bollinger Bands)

  • closed above bb
  • closed below bb
  • dips back from upper bb
  • dips back from lower bb

RSI (Relative strength index)

  • above threshold
  • below threshold
  • dips back from above
  • dips back from below

MOM (Momentum indicator)

  • rises since 3 candles
  • rises since 5 candles
  • rises since 10 candles
  • falls since 3 candles
  • falls since 5 candles
  • falls since 10 candles

MAC (MACD - Moving Averages Convergence/Divergence)

  • cross above
  • cross below
  • switch down to top
  • switch top to down
  • cross zero from above
  • cross zero from below

SAR (Parabolic Stop and Reverse system)

  • switch top to bottom
  • switch bottom to top

STO (Stochastic indicator)

  • above threshold
  • below threshold
  • dips back from above
  • dips back from below
  • crossed above
  • crossed below

CCI (Commodity Channel Index)

  • above threshold
  • below threshold
  • dips back from above
  • dips back from below

SMA ((Simple) moving average)

  • cross from above
  • cross from below

VOL (Volume)

  • vol increase
  • vol decrease
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