Efficiency Ratio (SQ Library)
SQ Indicator Library module · Efficiency Ratio · Part of a modular scanner/dashboard framework · MT4
About Efficiency Ratio (SQ Indicator Library)
This page covers the Efficiency Ratio module from the SQ Indicator Library — a modular MT4 indicator/scanner collection where each individual technical indicator is implemented as its own discrete file (following the naming pattern "sq" + indicator name), designed to plug into a larger multi-indicator dashboard. This modular library style is documented in comparable form by the ASQ Indicator Manager (mql.robotfx.org), which provides a dashboard showing indicator values organised by category (Moving Averages, Oscillators, ADX/ATR-type volatility tools), along with trend direction and trending/ranging market-regime detection.
What Efficiency Ratio measures: compares net price movement to total price movement over a period (Kaufman's concept), quantifying how "efficiently" price is trending versus chopping.
- Platform: MetaTrader 4
- Library type: Modular scanner/dashboard component (SQ-prefixed indicator series)
- Indicator: Efficiency Ratio
- Comparable framework: ASQ Indicator Manager (mql.robotfx.org)