Indicators: AbsoluteStrengthMarket

Automated-Trading 2013.02.14 05:31

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

Sergey Golubev 2013.02.08 18:44 #1

This indicator is evaluating the market condition in automatic way. The thread describing this way is this one (in english only sorry): Market Condition Evaluation based on standard indicators in Metatrader 5

Sergey Golubev 2013.02.14 05:39 #2

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 2013.11.15 08:11 #3

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) :

NZDUSD Technical Analysis 17.11 Indicators: AbsoluteStrength AUDUSD Technical Analysis 10.11

Gtrade 2017.12.27 18:35 #4

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

Michael Eichinger 2018.06.09 13:22 #5

Do you have an MT4 version of Absolute Stength Market indicator above? It may be what I can add to my EA. Thanks.

Павел 2018.06.24 15:48 #6

The platform does not see the indicator. What is the problem?

Vladimir Karputov 2018.06.24 17:41 #7

laser300:

The platform does not see the indicator. What is the problem?

MQL5 has been changed recently - iXXXX functions from the old MQL4 language (for the convenience of transition from old MQL4 to MQL5). As a result, the self-written iTime function is no longer needed in this code.

//+------------------------------------------------------------------+
//||
//+------------------------------------------------------------------+
datetime iTime(string symbol,ENUM_TIMEFRAMES TF,int index)
  {
   if(index < 0) return(-1);
   static datetime timearray[];
   if(CopyTime(symbol,TF,index,1,timearray) > 0) return(timearray[0]); else return(-1);
  }