Statistical Functions
Info
The Statistical Functions is a Library for MetaTrader 5 that set of statistical functions which allows you to calculate some values describing timeseries like correlation between two time series, linear regression, standard deviation etc. It includes also more advanced functions like definite integral.
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 Statistical Functions
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
Set of statistical functions which allows you to calculate some values describing timeseries like correlation between two time series, linear regression, standard deviation etc.
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: Hash Functions Library for MetaTrader 5 - another powerful library for MetaTrader 5 traders.
Set of statistical functions which allows you to calculate some values describing timeseries like correlation between two time series, linear regression, standard deviation etc. It includes also more advanced functions like definite integral.
Also recommended: Statistics. mqh Functions - similar library with strong performance on MetaTrader 5.
Header file "Statistics.mqh" includes following functions:* You should add your own implementation of "foo" function which you want to integrate. Default function is: f(x) = x.
You should also remember that timeseries avaliable in MQL are indexed in a way that the newest data have a 0 index. It's a good idea to reverse the order of such arrays and is absolutely necessay in AR model (arrays are not reversed inside of the method to avoid confusion).
You may also like: String - Library of functions for working with strings - excellent alternative for library users on MetaTrader 5.
⚠ 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.