Entropy indicator conversion code mq5 to prorealtime

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05/17/2018 at 2:43 PM #70706 quote

abd78
Participant

Veteran

The entropy is the measure of the disorder of the system. The entropy is calculated using the Maximum Entropy Method.

If we try to evaluate it according to its indicative attributes without paying much attention to its code, we will find out that it is an ordinary unnormalized oscillator and it is possible to apply to it all appropriate technical analysis methods. The indicator was presented in two variants – as a line (Entropy.mq5) and as a multicolored histogram (ColorEntropy.mq5).

https://www.mql5.com/en/code/397
thank you

05/17/2018 at 4:01 PM #70718 quote
Nicolas
Keymaster

Master
This Entropy indicator is converted, here is the code:
```
numbars=14

sumx = 0 
sumx2=0
avgx =0
rmsx = 0.0

for j=0 to numbars do

r=Log(Close[j]/Close[j+1])

sumx=sumx+r
sumx2=sumx2+(r*r)

next

if(numbars=0) then 
avgx=Close
rmsx=0.0
else  
avgx=sumx/numbars
rmsx=Sqrt(sumx2/numbars)
endif

P = ((avgx/rmsx)+1)/2.0

G = P * Log(1+rmsx) + (1-P) * Log(1-rmsx)


return G style(line,2),0 coloured(100,100,100) style(dottedline,1),0.00001 coloured(100,100,100) style(dottedline,1),-0.00001 coloured(100,100,100) style(dottedline,1)
```
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Entropy indicator conversion code mq5 to prorealtime

ProBuilder: Indicators & Custom Tools

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abd78 @fede9483 Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
7 years, 8 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	05/17/2018
Status:	Active
Attachments:	4 files

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