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Market Condition Evaluation based on standard indicators in Metatrader 5 - page 224

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Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Gold is Reaching at 1270

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) :


Forum on trading, automated trading systems and testing trading strategies

Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:43

red lines are for sell (sell lines), blue lines are for buy (buy lines). So, bullish (uptrend) and bearish (downtrend) are separated by color of the lines in this indicator. Buy is main blue line is above blue signal line and both are in uptrend. If "sell within no buy" - this is correction (opposite for rally). if "no buy" and "no sell" - this is flat.
Sergey Golubev
Moderator
101608
Sergey Golubev  

Market Condition

The beginning:

  1. Market condition indicators/tools thread 
  2. Market condition and EAs thread 
  3. How to use Support and Resistance Effectively - educational thread 
  4. Trend indicators thread
After

  1. Market Condition Evaluation (2 EAs were created) - the summary 
  2. Market Condition Evaluation based on standard indicators in Metatrader 5 - the key thread 
  3. Market condition - AbsoluteStrength indicator - the page

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Sergey Golubev
Moderator
101608
Sergey Golubev  
Sergey Golubev
Moderator
101608
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.01.26 08:16

Bitcoin Is A 'Typical Bubble' (based on the article)

Daily price is located near and above 100 SMA/200 SMA bearish reversal area.

If the price breaks 13,881 resistance to above so the primary bullish trend will be continuing.
If the price breaks 8,771 support level to below so the bearish reversal will be started.
If not so the price will be on bullish ranging within the levels.


  • "Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday."
  • "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," the financier and founder of the $26 billion Soros Fund Management said.
  • "Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can’t be used for instance to pay wages because wages drop by 25% in a day. It’s a speculation. Based on a misunderstanding," he added

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The chart was made on D1 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


Sergey Golubev
Moderator
101608
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.02.14 17:40

EUR/USD Intra-Day Fundamentals: U.S. Consumer Price Index and range price movement 

2018-02-14 13:30 GMT | [USD - CPI]

  • past data is 0.1%
  • forecast data is 0.3%
  • actual data is 0.5% according to the latest press release

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - CPI] = Change in the price of goods and services purchased by consumers.

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From official report :

  • "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment."

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EUR/USD M5: range price movement by Consumer Price Index news event 

EUR/USD M5

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicator:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

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