Thanks Mrtools, working very well.
Re: MT5 Band Indicators
42Hello, added the arrows. Just a reminder to those who download this indicator recalculates/repaints.Eis wrote: Wed Jul 02, 2025 2:26 am Please add arrows to color change
above and below the candlesticks, regards
above and below the candlesticks, regards
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- Eis, Krunal Gajjar, kvak, alexm, macd & rsi
Re: MT5 Band Indicators
43Here is simple MT5 version of this indicator for start and testing.
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- RodrigoRT7, Eis, Krunal Gajjar, SdW25, Hogwildsavage, alexm
Re: MT5 Band Indicators
45From Mladen Rakic:
Some more on quantile bands ...
First the base :
In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one less quantile than the number of groups created. Thus quartiles are the three cut points that will divide a dataset into four equal-size groups (cf. depicted example). Common quantiles have special names: for instance quartile, decile (creating 10 groups: see below for more). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points.
q-Quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes. There are q − 1 of the q-quantiles, one for each integer k satisfying 0 < k < q. In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributions, providing a way to generalize rank statistics to continuous variables. When the cumulative distribution function of a random variable is known, the q-quantiles are the application of the quantile function (the inverse function of the cumulative distribution function) to the values {1/q, 2/q, …, (q − 1)/q}.
All the "bands" version of quantile bands are using 3 prices. This version is not. It is suing only one price, and for having an option to make a (substantial) difference between high and low, you can chose the period for finding out high and low value(s), But even without that (when the high/low period is set to <=1) the bands calculation itself does the job OK, and in most of the cases there is no need at all to have high/low period activated at all. Here is such an example
Now the reason for the "generalized in the name :
This indicator can be applied to any other indicator too. So, it does not necessarily need to be applied to prices. And some of the usage like that (just a quick example of quantile bands applied to rsi and stochastic) can give quite interesting results
PS: some will notice the lack of multi time framing in this version. The reason is simple : since the indicator is meant to be applied to other indicators, it can not implement multi time framing - it depends on the source of data, and the source itself dictates what is it that the indicator will use for calculation
Some more on quantile bands ...
First the base :
In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one less quantile than the number of groups created. Thus quartiles are the three cut points that will divide a dataset into four equal-size groups (cf. depicted example). Common quantiles have special names: for instance quartile, decile (creating 10 groups: see below for more). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points.
q-Quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes. There are q − 1 of the q-quantiles, one for each integer k satisfying 0 < k < q. In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributions, providing a way to generalize rank statistics to continuous variables. When the cumulative distribution function of a random variable is known, the q-quantiles are the application of the quantile function (the inverse function of the cumulative distribution function) to the values {1/q, 2/q, …, (q − 1)/q}.
All the "bands" version of quantile bands are using 3 prices. This version is not. It is suing only one price, and for having an option to make a (substantial) difference between high and low, you can chose the period for finding out high and low value(s), But even without that (when the high/low period is set to <=1) the bands calculation itself does the job OK, and in most of the cases there is no need at all to have high/low period activated at all. Here is such an example
This indicator can be applied to any other indicator too. So, it does not necessarily need to be applied to prices. And some of the usage like that (just a quick example of quantile bands applied to rsi and stochastic) can give quite interesting results
Re: MT5 Band Indicators
46Added filling.mrtools wrote: Wed Jul 02, 2025 7:51 am Hello, added the arrows. Just a reminder to those who download this indicator recalculates/repaints.
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- RodrigoRT7, alexm
Re: MT5 Band Indicators
47
BB MACD Candles (subwindow) with Squeeze
This is a bb macd candles using a squeeze to help identify consolidation areas or squeeze (no fill) and no colored line and for trending conditions the area is filled and a bullish/bearish colored middle line.
This is a bb macd candles using a squeeze to help identify consolidation areas or squeeze (no fill) and no colored line and for trending conditions the area is filled and a bullish/bearish colored middle line.
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- Jimmy, RodrigoRT7, macd & rsi, Krunal Gajjar, thomdel, Akela, Cagliostro, kvak, mazibee, rudiarius, alexm
Re: MT5 Band Indicators
49Hello, here is MTF version.
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- Cagliostro
