Determining Range
Hi guys
Has anyone created an automated method or has an idea about a way to do one that determines if a symbol is trading within a range and determining the range?
I am working on an indicator that does that, so I would like to hear if anyone has any input.
Thank you
Range of what? Spread ? Volume ? Price ? Time ? Timeless range ? Correlation ranges ?
Price.
Say you set a timeframe and you see if there are 2 level within which the symbol seems to be trading within.
If someone has a logic for automatically determining these levels other than just manually drawing 2 lines at the highest and lowest values.
I'd use absolutestrengthmarket_v1 to determine if it is in range and donchian channel (or bollinger) for the levels
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 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) :
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Hi guys
Has anyone created an automated method or has an idea about a way to do one that determines if a symbol is trading within a range and determining the range?
I am working on an indicator that does that, so I would like to hear if anyone has any input.
Thank you