Persistence Entropy as a Market Regime Indicator in MQL5

The brief

Researchers have developed a market regime indicator in MQL5 called Persistence Entropy. The indicator converts a verified trading algorithm into a live MQL5 tool. It uses two lines, H0 and H1, to represent persistence-entropy values for each price window. The indicator also calculates a loop-strength metric with an adaptive percentile band to determine when to place fade marks. This indicator aims to provide traders with a more accurate market regime assessment.