Hi. For those who may be interested, I share this simple code to graphically analyze the distribution of the values of some variable of interest, which I find useful when researching settings parameters for indicators or trading systems.
I’m not a mathematician, but I was looking for something equivalent to MODA that could help to make statistics quickly, giving an immediate idea of the frequency with which certain values occur. It can only be used for NORMALIZED values and little for absolute values (positive values>0)
I excluded candle 0 from the calculation as it is still in formation. To go beyond 500 candles modify CalculateOnLastBars.
Enter the variable of interest as a VIA in the desired timeframe (e.g., the distribution of the difference between the close and its 50-period average, the value of the stochastic, etc.)
Unfortunately the buttons to insert the file code and the screenshots don’t work.
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//T.F. 27-03-2023 - MODA Indicator //Sharing on ProRealCode DEFPARAM CalculateOnLastBars = 500 DEFPARAM DRAWONLASTBARONLY = true //Parameters: CDB=200 //Candle Back NOB=20 //Number Of Bands BW=10 //Band Width VZOOM=5 //Vertical Zoom - for graphics only //Variable in Analysis - 1 rangeD=range AtrD=AverageTrueRange[14](close) rangeP=rangeD/atrD*100 //Variable in Analysis - 2 myrsi=RSI[14](close)[1] //MODA VIA=Rangep //Variable in analysis - 1 rem VIA=myrsi //Variable in analysis - 2 offset=Highest[30](high)+200*pipsize //for graphics only MaxCOVINB=0 //for graphics only if dayofweek=currentdayofweek then //to reduce calculation time for i=1 to NOB do COVINB=0 //Count Of Values in Band for z=1 to CDB do if VIA[z]>=(BW*(i-1)) and VIA[z]<(BW*i) then COVINB=COVINB+1 endif next bwx=BW*i //for graphics only drawpoint(barindex-i,COVINB*pipsize*VZOOM+offset,2) coloured(0,0,200) //Y point drawtext("#COVINB#",barindex-i,COVINB*pipsize*VZOOM+30*pipsize+offset) //Y value drawtext("#BWx#>",barindex-i,offset-30*pipsize) //X scale If COVINB>MaxCOVINB THEN //for graphics only MaxCOVINB=COVINB ENDIF next drawrectangle (barindex,offset,barindex-NOB-1,MaxCOVINB*pipsize*VZOOM+50*pipsize+offset) coloured(0,0,200) drawtext ("MODA - #NOB#Bands - #BW#Bandwidth - On last #CDB#Candles", barindex-round(NOB/2)-1,MaxCOVINB*pipsize*VZOOM+70*pipsize+offset) //Value Table for OCR - Optional for i=1 to CDB do xx=round(via[i],1) drawtext ("C#i#= #xx#", barindex,low-i*20*pipsize-10*pipsize) next endif return |
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