How Do You Find The ROC
- Easy install — copy & attach to chart
- Works on MT4 and MT5
- Free updates
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To calculate a Receiver Operating Characteristic (ROC) curve, you plot the against the False Positive Rate (FPR) across various classification thresholds.
Steps to Calculate an ROC Curve
- Collect predictions: Gather your model's predicted probabilities and the true binary labels (0 or 1) for each data point.
- Set thresholds: Sort the predicted probabilities from highest to lowest to use as potential classification cutoffs.
- Calculate rates for each threshold: For every threshold value, convert probabilities into class predictions (above threshold = positive, below = negative) and compute two metrics:
- True Positive Rate (TPR) / Sensitivity:
- False Positive Rate (FPR) / (1 - Specificity):
- Plot the graph: Put the FPR on the x-axis and the TPR on the y-axis, then connect the coordinate points to form the curve.
- Calculate AUC (Optional): Compute the Area Under the Curve (AUC) by measuring the total area beneath the ROC line to get a single performance score from 0.5 (random chance) to 1.0 (perfect model).
Learn more about how to construct an ROC curve and compute its metrics by watching this video:
Get the robot and indicator used in this guide — free download for MT4 / MT5.
10:17
The ROC Curve (Receiver-Operating Characteristic Curve) — Topic 84 of ...
4,3K views · 4 years ago
YouTube · Jon Krohn
How to Install on MetaTrader
- Download the file and extract it.
- In MetaTrader open File → Open Data Folder → MQL4/MQL5.
- Copy robots to "Experts" and indicators to "Indicators".
- Restart MetaTrader and drag the tool onto a chart.
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