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Indicators: AbsoluteStrengthMarket

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Automated-Trading
Admin
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Automated-Trading 2013.02.14 05:31 

AbsoluteStrengthMarket:

A tape indicator which defines the market state using the AbsoluteStrength indicator

Author: Igor Durkin

Sergey Golubev
Moderator
93673
Sergey Golubev 2013.02.14 05:39  

Discussion about this indicator (and about market condition in general) is on this thread Market Condition Evaluation based on standard indicators in Metatrader 5

Just for information 

Sergey Golubev
Moderator
93673
Sergey Golubev 2013.11.15 08:11  

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newdigital, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase.

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :


flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :



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