My effort is just some coding. All good ideas here are from you. cheers

The similarity system

EDIT: UPDATE: See here for the updated indicator url Hi all, here is something to perhaps assist you with the choice of h... Might contain bugs: I have just put it together, and I am not very experienced in MT4. One bar having two zones is here ...

The similarity system

Brilliant.

The similarity system

OK, understood. You are right - the blue box I drew above is indeed a low probability/exceptional event, given a well chosen h and k. Cheers and thanks.

The similarity system

From the looks of it, the proposition 1 appears to be correct. The problem is just that the involved positive integers could be quite large in case of a trending market... See below a possible "black swan event" for EURUSD on H1 chart. image

The similarity system

Hi Madmoney, This is looking good. It agrees with what I feel the big money arbitrage moves looks like. Have you tested the zones in strong trend situations? Cheers, kprsa

Any MT4 coders willing to code simple EA - high probability

Hi, It differs because this version of the omega indicator does not look at the second future bar, just the first one. If it is a high omega, and the following bar is higher, it will repaint itself to the next bar. However, it either stays on the ...

The similarity system

Hi, here is an amateur first attempt of the (omega) indicator for your consideration. In this incarnation it derives from the Fractals indicator. It can probably be improved by the more experienced mt4 coders. It may also be straight out wrong, so ...

The similarity system