After I read Jperl's excellent market statistics series at Traders Laboratory. I decided to code them in MQL for metatrader. If you dont know here is the link to the series:Trading With Market Statistics

PVP represent Peak Volume Price and shows the price from StartDate with highest volume.

VWAP is the average of the volume distribution.

SD stands for Standart Deviation and you can plot 3 SD bands around VWAP.

I hope this will be helpful for someone.

As these are my first indicators please feel free to send me bugs,comments...

Have a nice one.

Akif,

UPDATE AFTER 8 YEARS: I have uploaded a different version. Just draw a rectangle and it will handle the rest.

I also updated the classic dragging line Market Statistics indicator with rainbow histogram.

Contrary to rectangle indicator this one updates itself automatically with incoming new bars.

PVP represent Peak Volume Price and shows the price from StartDate with highest volume.

VWAP is the average of the volume distribution.

SD stands for Standart Deviation and you can plot 3 SD bands around VWAP.

I hope this will be helpful for someone.

As these are my first indicators please feel free to send me bugs,comments...

Have a nice one.

Akif,

UPDATE AFTER 8 YEARS: I have uploaded a different version. Just draw a rectangle and it will handle the rest.

Attached File

Akif_Rectangle_Market_Statistics_v2.ex4 32 KB | 509 downloads | Uploaded Sep 13, 2017 3:14pm

I also updated the classic dragging line Market Statistics indicator with rainbow histogram.

Contrary to rectangle indicator this one updates itself automatically with incoming new bars.

Attached File

Akif_Market_Statistics_Drag_v1.ex4 42 KB | 348 downloads | Uploaded Sep 19, 2017 3:50pm