Hey guys Just wondering if anyone has any good ideas for detecting whether a pair is trending or trading, obviously there is no perfect solution. Just looking for ideas. I was thinking maybe an indicator that detects divergence between macd and stochs or rsi? Or some other indicator anyone has seen around? Maybe its a bit of a wishful request, no harm in asking though I guess Thanks
- 10points 3.mq4
- is there any normalized indicator without divergence?
- Divergence Indicators
> trending or ranging?
Look at the standard ADX indicator, StdDev, BolliBands inside/outside the Envelopes indi and here 'SVOS Multi-Indicator EA'
for the VHF
As you have realised, stochastics are hopeless in an extended trend and MACD misleading in rangebound conditions
Good Luck
-BB-
u can use ATR to measure the volatility, if increasing, more strength, if decreasing, less strength
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