EntropyMath: A Windowed Sample-Entropy Indicator with MACD-Like Output

Summary

This brief indicator description introduces entropy as a measure of disorder in a system and says the indicator uses a method for calculating sample entropy from a random sample. Its NumBars input sets the width of the calculation window, with 12 given as the default period. The resulting indicator is described as having properties similar to a MACD histogram.

The document notes that the indicator was first implemented in MQL4 and gives its original publication date. It does not explain the precise sample-entropy calculation, how the output is scaled, or how traders might interpret positive or negative readings. It also provides no chart-based examples, backtest, or performance evidence. The description therefore offers a basic conceptual introduction and a parameter reference, but not enough detail to assess the indicator or reproduce its calculation independently.

Key ideas

• The indicator applies a sample-entropy calculation to a random sample.
• NumBars determines the width of the calculation window, and the stated default is 12.
• The output is described as resembling a MACD histogram in its properties.
• The document does not specify the calculation details or provide evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.