Purchasing power parity indicator | Forex Factory

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Purchasing power parity indicator

  • #1
  • First Post: Jan 15, 2017 1:14am Jan 15, 2017 1:14am
Below is a picture of calculated purchasing power parity values for GBP/AUD which is currently 20+% undervalued. Does anyone know how to create a simple indicator where the PPP values are drawn as a line(stairstep line) in metatrader 4? Like in the picture below. I have all the data that I need to create a line for every pair that my broker offers but I don't know how to draw the data.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 254 KB
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Edited 4:19am Jan 15, 2017 3:43am | Edited 4:19am
Quoting Gambler180
Below is a picture of calculated purchasing power parity values for GBP/AUD which is currently 20+% undervalued. Does anyone know how to create a simple indicator where the PPP values are drawn as a line(stairstep line) in metatrader 4? Like in the picture below. I have all the data that I need to create a line for every pair that my broker offers but I don't know how to draw the data.
Attached indy 'Plot External Data.ex4' (which I wrote back in 2009) is capable of plotting data from any suitably formatted CSV file, albeit into a separate MT4 chart sub-window.

 Data to be plotted must exist in CSV file named in parameter FileName, in folder .../MQL4/Files
 Data must be in format <date/time>,<value> with earliest date/time at start of file, in ascending chronological order. One line/row in CSV file per data point
 Date/time must be in format specified in DateFormat (defaults to valid MT4 date/time tokens)
 Data in CSV file must be updated manually using a text editor (e.g. Notepad)
 Plot will automatically appear 'stepped' if chart timeframe is shorter than the frequency at which data changes (in screenshot below, chart is H4 while data in CSV file changes daily)
 To have multiple plots in the same chart sub-window, drag the indy from MT4's Navigator into the same sub-window multiple times, and specify a different FileName for each attached instance of the indy
 More info regarding parameter usage here (see subsequent posts in that thread also)
 Sample file rand.csv in attached zip generates the plot (yellow line) shown in screenshot below. Sample format:
Inserted Code
2016.01.01,17
2016.01.02,64
2016.01.03,98
2016.01.04,36
2016.01.05,5
2016.01.06,64
2016.01.07,68
2016.01.08,80
2016.01.09,73
2016.01.10,19
2016.01.11,23
2016.01.12,21
2016.01.13,24
2016.01.14,80
2016.01.15,10
2016.01.16,65
2016.01.17,6
2016.01.18,6
2016.01.19,27
2016.01.20,87
2016.01.21,21
2016.01.22,26
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 149.png Size: 72 KB


Note: Indy is offered on an 'as is' basis. Download/use at your own risk. I don't have a lot of spare time to modify/troubleshoot. If you can't get it to meet your requirement, you will need to find another indy.

[Source code provided for programmers only. You will need the mqh libraries and build 509 editor/compiler (all are supplied in the zip file). If you attempt to compile using the latest build, you will likely get dozens of errors. More info here and here.]
Attached File(s)
File Type: zip Files for traders.zip   25 KB | 523 downloads
File Type: zip Source code (for PROGRAMMERS ONLY).zip   2.3 MB | 501 downloads
  • #3
  • Last Post: Jan 15, 2017 5:03am Jan 15, 2017 5:03am
Hej Jimmi

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