ValueBands indicator updated ---------- ValueBands_v2.1 600+ indicator was created for Premium Trading Forum. This is the the updated MTF ValueBands indicator for MT4 which can be used together with the ValueCharts indicator which is the well-known market analysis tools developed by Mark Helweg and David Stendahl. ---------- ...
Two traders are talking (taken from this mql5 thread): Consider a linear regression model xi = a + b * i + ei in time i = 1, 2, ..., n, where the errors ei are white noise with the Laplace distribution. The error density then has the form p (x, c) = 0.5 * c * exp (-c * | x |), log (p (x, c)) = log (0.5) + log (c) -c * | x | The likelihood function for the noise will have the form L = p (d1, c) * p (d2, c) * ... * p (dn, c), where di = xi-ab * i are the residuals of ...