The market price is formed out of a stable balance between demand and supply which, in turn, depend on a variety of economic, political and psychological factors. Differences in nature as well as causes of influence of these factors make it difficult to directly consider all the components. This article sets forth an attempt to predict the market price on the basis of an elaborated regression model.
This article is a logical continuation of my article Statistical Probability Distributions in MQL5 which set forth the classes for working with some theoretical statistical distributions. Now that we have a theoretical base, I suggest that we should directly proceed to real data sets and try to make some informational use of this base.
This indicator allows to display Renko charts in the indicator window. Renko charts show only price movements that are bigger than the specified box size. It helps to eliminate noise and allows to focus on main trends. Time is not a factor here. Only price movements are taken into account. That's why Renko chart is not synchronized with the main chart it is attached to. Indicator works in two modes: CLOSE - only close prices are taken into account while building the chart HIGH_LOW - on
Japanese candlestick indicator This indicator is created to simplify the search of reversal patterns using Japanese candlestick analysis. It marks the reversal patterns on the chart. When pointing on the object, it shows a tooltip with pattern description. The indicator can find the following patterns: Gray - Hanging Man or Hammer; Red - Bullish engulfing; Lime - Bearish engulfing; Indigo - Doji; Lime - Dark Cloud Cover.
The indicator shows the bars of trading session. In contrast with conventional Japanese candles, it shows the averaged (smoothed) candles, it's very important, because of the high volatility of currency markets. VIP_HeikenAshi works slower than Japanese candlesticks (because of the lag) and protect us from false entry signals. Signals : Red candles with shadows . The downward trend is starting to wane. It's better to close short positions. Red candles without shadows. Strong downw
This indicator allows to display Kagi charts in the indicator window. Kagi chart filters out unnecessary noise from the chart and helps to identify trends. Indicator works in two modes: CLOSE - only close prices are taken into account while building the chart; HIGH_LOW - only high/low prices are taken into account Reversal of Kagi line can be specified in three different ways: PIPS - as an absolute value of pips; PERCENT - as a percent of price; ATR - as a current value of AT
Pearson linear correlation. The indicator shows statistical correlations between symbols, selected by user. Input parameters: Time frame - timeframe for analysis (Current, 1 Minute, 2 Minutes, 3 Minutes, 4 Minutes, 5 Minutes, 6 Minutes, M10 Minutes, M12 Minutes, M15 Minutes, M20 Minutes, M30 Minutes, 1 Hour, 2 Hours, 3 Hours, 4 Hours, 6 Hours, 8 Hours, 12 Hours, 1 Day, 1 Week, 1 Month).; Prices - price type, used in analysis (Close price, Open price, High price, Low price); Limit anal
This indicator is an adaptation of the MQL4 TDI writen by Dean Malone. It uses RSI oscillator to assist traders to identify market conditions and reversals. Many strategies have been developed involving TDI or similar indicators which proves it's reliability and potential profitability. Blue shadow and yellow market line can be removed from chart in the indicator options panel. A file with instructions is available upon request.
This is the last of the three articles devoted to graphical controls. It covers the creation of the main graphical interface component - the form - and its use in combination with other controls. In addition to the form classes, CFrame, CButton, CLabel classes have been added to the control library.