Hi Guys,
Can someone please mention indicators which I can use to identify a sideways market. Also, is there a possibility to identify a sideways trend using Moving Averages? If yes, it would be great if I can know the MA period.
Thanks,
Rahul
Hi rahulrijhwani,
It's Bollinger Band, just study it.
:D
hi onewithzachy,
thanks for the bollinger recommendation. but dont u think that we start late on a trend when using bollinger?
hi onewithzachy,
thanks for the bollinger recommendation. but dont u think that we start late on a trend when using bollinger?
It is late, it base on lagging MA, so it's not always reliable, but you're asking for sideways and MA to identify.
Do you get this
I made this indicator for that purpose:
https://www.mql5.com/en/code/10765
The sensitivity (gamma) of the detector can be adjusted.
Cheers
I made this indicator for that purpose:
https://www.mql5.com/en/code/10765
The sensitivity (gamma) of the detector can be adjusted.
Cheers
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Hi Guys,
Can someone please mention indicators which I can use to identify a sideways market. Also, is there a possibility to identify a sideways trend using Moving Averages? If yes, it would be great if I can know the MA period.
Thanks,
Rahul