Once I browse Jperl's excellent market statistics series at Traders Lab. I made the decision to code them in MQL for metatrader. If you dont know here is the link to the series:http://www.traderslaboratory.com/for...inks-4803.html
PVP signify 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 rings around VWAP.
I hope this will be helpful for someone.
As these are my very first indiors please don't hesitate to send me bugs,comments...
Have a pleasant one.
Akif,
UPDATE AFTER 8 YEARSI have uploaded a different version. Only draw a rectangle and it will deal with the rest.
https://www.forexforum.co.za/attachm...0628571628.ex4
I also updated the classic dragging line Market Statistics indior with rainbow histogram.
Unlike rectangle indior that one updates automatically with incoming new bars.
https://www.forexforum.co.za/attachm...4532565446.ex4