Ceronarray Class: Efficiency Ratio Calculation for AMA
Info
The Ceronarray Class: Efficiency Ratio Calculation for AMA is a Library for MetaTrader 5 that the ceronarray class is designed to calculate the efficiency ratio (er), a key component of the arnaud legoux moving average (ama). Usage:init()This method is called during initialization and accepts the following parameter:int aperiod- The period used for calculating the Efficiency Ratio.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Ceronarray Class: Efficiency Ratio Calculation for AMA
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The Ceronarray class is designed to calculate the Efficiency Ratio (ER), a key component of the Arnaud Legoux Moving Average (AMA).
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: cdownloadhistory class: historical data download utility - another powerful library for MetaTrader 5 traders.
The Ceronarray class is designed to calculate the Efficiency Ratio (ER), a key component of the Arnaud Legoux Moving Average (AMA).Also recommended: Cerdonarray Class: Efficiency Ratio Calculation for Trend Analysis - similar library with strong performance on MetaTrader 5.
Usage:
init()
This method is called during initialization and accepts the following parameter:
int aperiod
- The period used for calculating the Efficiency Ratio.
solve()
This method is called during calculation and accepts the following parameters:
const int aratestotal
- The total number of bars available, typically obtained from the `rates_total` parameter in the `OnCalculate()` function.
const int aprevcalc
- The number of previously calculated bars, typically obtained from the `prev_calculated` parameter in the `OnCalculate()` function.
double adata[]
- The data buffer containing the indicator's input data.
double aer[]
- The output buffer where the calculated Efficiency Ratio will be stored.
Additional Methods:
int barsrequired()
- Returns the minimum number of bars required for the indicator to perform its calculations.
string name()
- Returns the name of the indicator as a string.
A sample indicator, `test_eronarray.mq5`, demonstrates the application of the Ceronarray class. The `inceronarray` file should be placed in the `MQL5\Include\inconarray` directory within your MetaTrader terminal's data folder. If the `inconarray` folder does not exist, please create it.
You may also like: introsort - array sorting algorithm - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_label1 "label1"
#property indicator_type1 draw_line
#property indicator_color1 clrred
#property indicator_style1 style_solid.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.