After I read Jperl's excellent market statistics series at Traders Laboratory. I decided to code them in MQL for metatrader. Here is a summary document:

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.

Have a nice one.

Akif,

Drag indicator:

Rectangle Indicator:

Akif,

Attached File

Trading_With_Market_Statistics.pdf 557 KB | 1,244 download | Uploaded Jun 20, 2019 5:35am

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.

Have a nice one.

Akif,

Drag indicator:

Attached File

Akif_Market_Statistics_Drag_v5_20210601.ex4 44 KB | 104 downloads | Uploaded Jun 7, 2020 1:23am

Rectangle Indicator:

Attached File

Akif_Rectangle_Market_Statistics_v3_20210601.ex4 31 KB | 197 downloads | Uploaded May 6, 2020 8:53am

Akif,