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Indicators: AbsoluteStrengthMarket

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Automated-Trading
Admin
110805
Automated-Trading  

AbsoluteStrengthMarket:

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

Author: Igor Durkin

Sergey Golubev
Moderator
101579
Sergey Golubev  

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
101579
Sergey Golubev  

Forum

Gold is Reaching at 1270

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) :



jox90
170
jox90  

This indicator doesn't work on higher timeframes...only on the current.

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