Original Author:
https://www.mql5.com/ru/forum/109556
Entropy is a fascinating concept that measures the disorder within a trading system. Calculated using the Maximum Entropy Method, it offers valuable insights into market behavior.
When you look at the Entropy indicator, you might see it as just another oscillator, but it’s quite versatile. You can easily apply various technical analysis techniques to it. The indicator comes in two forms: as a line (Entropy.mq5) and as a colorful histogram (ColorEntropy.mq5), giving you options depending on your trading style.
Originally developed in MQL4, this indicator was first published on Code Base at mql4.com back on May 7, 2008.
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