SloForeX:
Is there any indicator that would show a.s.a.p enough if the market is ranging or trending? How to read that indicator?
Is there any indicator that would show a.s.a.p enough if the market is ranging or trending? How to read that indicator?
It to me so it is the price itself and trend lines (support and resistance lines).
ADX by default should be used to show the trend or ranging on instrument
hi
newdigital:
It to me so it is the price itself and trend lines (support and resistance lines).
It to me so it is the price itself and trend lines (support and resistance lines).
that's right draw a support and resistance lines ...just monitor it ...if the price moving between them in several times so it's ranging ..if in one time frame was ranging ussually not the other time frame...
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Try with 3 EMA34 (open, close, high)
tor
There is an indicator on this forum called t.o.r. (trending or ranging).
I attached it for you. Look up the thread to learn how to handle it.
Files:
tor_131.03.mq4
10 kb
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Is there any indicator that would show a.s.a.p enough if the market is ranging or trending?
How to read that indicator?