Statistical Functions for MetaTrader 4/5
Info
The Statistical Functions for MetaTrader 4/5 is a Library for MetaTrader 5 that a comprehensive set of statistical functions designed for metatrader 4/5, enabling you to compute various descriptive values for time series data. This collection includes:- Correlation between two time series- Linear regression- Standard deviation- Advanced functions such as definite integralThe header file "statistics.
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 for MetaTrader 4/5
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
A comprehensive set of statistical functions designed for MetaTrader 4/5, enabling you to compute various descriptive values for time series data.
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.
A comprehensive set of statistical functions designed for MetaTrader 4/5, enabling you to compute various descriptive values for time series data.Also recommended: Color Conversions and Functions - similar library with strong performance on MetaTrader 5.
This collection includes:
- Correlation between two time series
- Linear regression
- Standard deviation
- Advanced functions such as definite integral
The header file "statistics.mqh" contains the following functions:
- Implement your custom "foo" function for integration. The default function is: f(x) = x.
Note: Time series data in MQL are indexed with the newest data at index 0. Consider reversing the order of arrays for certain models, especially AR models, to ensure accurate calculations.
You may also like: String Library: Functions for String Manipulation - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
template<typename t>
t mean(t &arr[])
{
t mean=0;
int length=arraysize(arr);
for(int i=0; i<length; i++)
{
mean+=arr[i];.......
⚠ 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.