Development for this Index & VP Indicator(s) - &/or. B.Y.O C.C.F

Hi. I recently got a hold of this Index & Volume Profile(vp) indicator(s) and I decided to start this thread in the hope that development of how formula can be written. I hope this will take place in a joined effort if others will post there findings as they are discovered.

The Indexing Indicator is not my own. The credit for these Indicators, I discovered today, is named Zsolt H. I obtained these indicators, and many others, under the GNU GENERAL PUBLIC LICENSE
Version 3, attached to this post along with the Index & Volume Profile(VP)(On-Range/Many options) indicator(s) and all associated include files. Thank you. Also, MT5 Versions in the Zip, all the Include Files are compatible with both MT4 & MT5.

I will post what I can and what I have learned so far, all I ask in return is that you do the same. On topic.


Install Script
Unless otherwise specified, the code is available for both MT4 and MT5. Further, under the MQL folder, the MQL4 or MQL5 folder is assumed depending on the version of the terminal. Scripts for which there are versions for MT4 and MT5 can be identical in content. You have to use separate files, because MetaTrader recognizes the MQL version exclusively by the file extension.

The indicator or script code usually consists of a pair of main files, one for MQL4 and MQL5 (with extensions .mq4 and .mq5), and folders with included files (...- include).

To install, just copy the folder containing these files and the folder in one place, for indicators it is MQL / Indicators. No need to move the ...- include folder to the MQL/Includes folder, because the code uses relative paths, and this method will not work.

Folder with included files will not interfere in MetaTrader, because it does not have the main indicator code, and it will not appear in the folder structure in the Navigator. You can also not delete the "extra" main file from another version of MQL, this file will also be ignored in MT Navigator.

For example, to install the VP indicator, just copy the VP folder from this repository to the MQL4/Indicators and/or MQL5/Indicators folders. Again, the VP.mq4 and VP.mq5 files and the VP-include folder must be in the same folder. In order not to have an extra level folder in the Navigator, you can copy the contents of MQL/Indicators/VP directly to MQL5/Indicators.

Below are shown options for the correct location of files and folders after installing two indicators - VP and Index.

The .mq4 files could be removed here, but they will not interfere, you can leave it.

Without an extra folder in the Navigator for 4 and 5:
... [MQL4]
[Indicators]
[Index-include]
[VP-include]
Index.mq4
Index.mq5
VP.mq4
VP.mq5
... [MQL5]
[Indicators]
[Index-include]
[VP-include]
Index.mq4
Index.mq5
VP.mq4
VP.mq5

To find out where the MQL4 or MQL5 folder is located in MetaTrader or MetaEditor, you can call the menu File/Open Data Folder.


CCF is also welcome as the are very similar from what I can tell.

the first thing I did was this because I have had no clue how to format the formula. I have figured out a few things but I am positive there must be some really cool things this indicator can do. I figured out finally how to apply a Moving average to an index. I then figured out how to choose an index from the chart in one of htree ways For example. USD/CAD chart, I think this is correct anyways, but it does work, for Cad index [0]. for exchange rate of one is [1] and for the second is [2].

Also, you can add and subtract, multiple and divide and square root which is ^ (shift 6). but some combos will not work.

I believe you can create a cross currency index too, and probable whatever instrument your offered. I have been comparing the CCF to this and I like this better, just my HO, though.

I typed in USD and got this. plus I dropped another index on it.

-Second image is a little more tricky to figure out but is actually pretty simple.

What I am curious about the most is all the different ways formula can be applied to a singular or multiple index to create some useful ?

Also, I learned you can add to the basket and that including the indexed symbol in the basket has no affect on the index price because every thing, I believe, is based in USD, of something like that.

Moving averages on to opposing index currency rates USD/CAD, and I picked the colors after I figured out how to apply the MA's after like a week of frustrations.

** And you are welcome to post too, yep I'm talking to you. **

Today I figured out how to completely disguise the Currency rate index line and leave the MA, then I completely over-laid the MA on the Currency rate index line

There are materials from the author describing how the formula works for the index. The problem has been that it is in Russian, and when the translator translates it leaves out special character, like if it supposed to say [0] - CAD index from chart schedule USD-CAD, it says -- CAD index from chart schedule.

What happen was I was sitting there enjoying the "paper" and I was read the author's instructions i found on my phone which do not mistake special characters and so it is now that I know and you will know.

The Index formula used in text characters is this...

Index(C)=(\prod\limits^{N}_{i=1}{C/C_i})^\frac{1}{N} - I don't know what this means. The link below is to one of the Instruction pages. to see special characters you my have to use a phone to access the page.

FXcoder: Индикатор Index


Here are some examples of different uses for this Index Indicator.

I think an explanation on how to format a couple formula will help.
the following chart is USD/CAD, CAD/USD. with AUD/CAD and CAD/AUD in the sub-window. Which can be done with any rate, and the whole Index of a symbol can be this...

Index 1 USD
Index 2 -USD

Index 1 AUDCAD - moving average - 5 - smoothed
Index 2 CAD/AUD - moving average - 5 - smoothed
Index 3 [1]-[2] - moving average - 5 - smoothed
Index 4 [2]-[1] - moving average - 5 - smoothed

In this version you can change the schedule and AUDCAD will remain in the sub-window, but index 3 & 4 will change with the schedule. this way you always can monitor a cross rate any other base currency, like USD,EUR & AUD,CAD separately, like USDCAD or AUDUSD. which can reveal opportunities, I would think, because you can cleanly observe the relationships between various rate and there counter parts visual weights against another. I realized this morning it could be helpful, I hope this clarifies some question to formula formatting. I still have to figure out multiplications and divisions and how to benefit.

????

To clarify the installation instructions in the post #1. they are confusing, they are translated from Russian.

There is no need to Compile the indicator. Place one copy of the Index-Master in the indicators folder and one copy in the Include file folder.

Inside the Index-Master File folder should be the Index.mq4(&or)Index.mq5 & the include file folder with all it contents. it is ok to leave copies of the Index.mq4 & the Include files all in the same folder when pasted in to their respective file folders. You can actually take the entire Index-Master file folder and paste it right into both or the Indicator & include folders after unzipped, if you don't mind the Index-Master being a couple levels deep into sub-folders in your indicator Navigator.

I did attempt to compile the indicator, it never works, I think that is the case because when the indicator is run through the Terminal.exe the Library dependencies

fill those required structures and conversions. I have more than several of Zsolt's indicator/scripts and they all be-have the same way.

Now that I think about it. just to be clear, The VP indicator works the same way with the include files. I don't remember if I attempted to compile the VP indicator. But just in case there is some problem with the Zip files I up-loaded, which are the ones I downloaded from right here...

FXcoder MQL Scripts · GitLab

to get this look drop the Index indicator into a sub-window which contains the index indicator and specify that it is a negative of the chart schedule or index or both. use a variety of these formula formats because the index alone is different from the Exchange rate and its opposite to varying degrees.

USDCAD
CAD/USD
or/and
[0]
-[0]
or/and
[1]-[2]
[2]-[1]
or/and
[1]
-[1]
or/and
[2]
-[2]

the last four examples above will allow changing the chart symbol with a symbol changer and the index Indicator(s) change with it. If you format the formula
as, for example, USDCAD & CAD/USD then when you place a template or use a symbol changer to change the chart schedule to , for example, EUR/USD then you have remained the USDCAD & CAD/USD index(s) the same and will not match you new Chart Symbol. I might as well mention that order of indicator application matters when using more that two Index indicator in one sub-window, regarding attachment of a moving average. To explain, the moving average must either be set to the previous indicators settings or the first indicators settings, so if you stagger the application from Index, moving average, to index, moving average and so on. You can set each moving average to the previous indicator's settings for each index application and will not run into problems when you apply more than two index indicators to one chart schedule sub-window.


If it is the index of a Country symbol alone you want to see, which varies from the rate, you can just put...

USD
-USD

Also, you can change the basket however you like and find very specific Indexes. for example use NOK(after adding NOK to the basket) and create cross rates from other rates, once you learn to formula, and show me ")

I hope that when people catch up to understanding this indicator. I will learn more than what me alone can learn. Thanks.

Could you please post your template as well.

Please let me know how to bring up that correlation together. I am seeing like below. Not like your screenshot.

@Pipimintpati Please give your own way of loading the indicators and includes I installed it but its not launching. Share your template too. Thanks

Yes I have been trying to encourage discovery to spark the creative process. If you want to see the opposite index of the chart schedule or a different index altogether, drop an additional index into the sub-window already containing the index. To do this simply use a mathematical formula to create a negative solution where the symbol is equal to [0]. like this...

USD/CAD = [1]/[2]

[0] = the symbol of the chart schedule.(USDCAD)
[1] = index of the first part of the chart schedule(USD)
[2] - index of the second part of the chart schedule(CAD)

 

1. EURUSD*EURCHF - a product of two crosses
2. /EURUSD - reverse EURUSD
3. /USD - reverse of the USD index
4. /USD/EUR - a work of reverse indices
5. XAUUSD*USD - a product of cross and index
6. #AA*#AAPL is a product of the indices of two CFDs
7. [0]*[1] On the EURUSD chart, will be equivalent to EURUSD*USD
8. EUR+GBP - logarithmic version of EUR*GBP

More to come...

Each Index Folder contains the index.mq4, index.mq5, index-include folder. in this structure. I hope this helps. I will post an example of a universal index and its opposite, with two moving averages, today.

This is a template of the formula, to work on any schedule.

index 1.) [1]-[2]
MA 5 smoothed
index 2.) [2]-[1]
MA 5 smoothed

Right now I'm working a universal cross to include EUR & /EUR, USD & /USD. two separate templates. each template running 4 index.

While Experimenting, please post any successful results, the formula, screenshot and explanation of usages, thank you. IHR...

I just noticed something in this image. Working backwards from the Zero bar watch how the USDCAD(Aqua&Magenta) rate crosses from inside to the outside respectively the AUDCAD, CAD/AUD(AUD vs. CAD) Red & Blue lines, before changing directions and remains this way until the previous low. How interesting. IMHO

I like this template because it will show the the opposite of each rate against the opposites of the first symbol of the schedule index(dotted). it shows an interesting relationship, IMHO. the two index [1] & -[1](dotted lines) can be replaced with the EUR, -EUR or USD, -USD or any other symbol. actually any of these can be replaced with any symbol of any of these index. if you notice the number next to the "index" in the sub-window it shows the price of the index. I have noticed and like to see the index close if not equal to the same price scale. I believe this entire indicator idea is based on a logarithmic, geometric mean scale. what that exactly means, I really don't know. But that's what I read. I am working on a more predictive version which I believe is very possible. and might already be here in this template. I need to review the work.

Here is a template that is pretty much as complicated as I can do at this point, and would not know how to decipher what is going on here. I was thinking about and I know the index is a literal representation & its reflection, but it seems to a trend with the MA, a strength and an oscillator, and perhaps a little more when you notice the relationship the price has with it's reflection sometimes, and a cross rate, at the correct scale & chart shift.

I wan to point out something I found just now. From what I can see, In this instance, the quoted Ask currency, CAD in this example, Yellow Line, Crossed over the base bid, Magenta/Green, USD in this example just before the first attempt at price reversal. In this example, the cross is premature but indicative of the price reversal, IMHO.

Also, In the previous template, the first two Index instances can be changed in hopes of less drag on the terminal. From [1]-[2] & [2]-[1] to +[0] & -[0]

Easier to read and much clearer to see how the index and its multiplicative inverse reciprocal, of each Symbol, lead and interact against each other. I have replaced the Chart schedule rate, while still present, with moving averages, in green & blue. This is much better at identifying the leading signals.

I want to post this Template with all the Majors in one window all of which are on a smoothed average (3). They are present, with none as the color. So you can change or add the index Symbols. Also, the index sub-window will display the current chart schedule rate as a Spring Green dotted line to compare. This template may help to compare to the very worthy CSM-Original and CCF indicators to show where the strength is coming from and if it has mustard. I will include the same template with no averages, the averages are there but with the color set as none.

I just realized that my templates might not work for you. I put my index indicator in the "indicators" folder and then in this "GitLab FxCoder" folder within the navigator. If this helps the templates work, I apologize. I didn't realize this error until today, I don't know for sure that this will fix the problem, not that anyone has mentioned that there is a problem, but, if this is an issue. I hope this helps and if not, eventually I will relocate my index indicator outside the current folder and remake the templates when I have time...until then here is a major index with [0], [1], [2](rate, index, index), on one chart. Read the Mass Major index then switch through symbol changer then read lower [0], [1], [2](rate, index, index) sub-window.

I made some progress as far as multiplication and division of currencies and indexes.
AS follows match to sub-window in the images to see how they are displayed. I do NOT know as of right now exactly how to make these advantageous... any suggestions are welcome, of course. Thank you. IMHO..

USDCAD/USDJPY
USDCAD*NZDUSD/AUDUSD
CAD*AUD/USD/NZDJPY