How to estimate tyhe market condition:
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.
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 condition" and "sell condition" on the same time) :
flat (sideways market - means: no buy and no sell) :
correction in bull market condition :
correction in a bear market (Bear Market Rally) :
Bollinger band cross alert indicator
Sergey Golubev, 2018.06.24 08:03
I found the following indicator in CodeBase -
iBBFill - indicator for MetaTrader 5
The indicator plots the Bollinger Bands ®, filled with different colors depending on the trend direction.
If the price crosses the upper bound (upward trend), the Bollinger Bands fills with blue color, if it crosses the lower bound (downward trend), the Bands filled with pink color.
If the price crosses the middle line, it's considered as a flat, and the Bands filled with grey color.
Good EA was published based on standard Ichimoku indicator -
Ichimoku - expert for MetaTrader 5
And please find the key threads/posts related to Ichimoku indicator/systems -
The thread about threads: what's going around the forum everywhere
Sergey Golubev, 2018.08.09 16:07
Interesting (and well-known) indicator was published today for Metatrader 5 -
Trend direction and force - indicator for MetaTrader 5
This indicator was made originally for metastock a long, long time ago.
There are multiple metatrader 4 versions but they were not converted to metatrader 5 yet. So here is the "basic" version of the trend direction and force index indicator for metatrader 5. It is showing the direction of the trend and also the intensity of the trend. Usually the signals are when the trend direction changes for the first time.
Good article was published -
Combining trend and flat strategies
There are numerous trading strategies out there. Some of them look for a trend, while others define ranges of price fluctuations to trade within them. The market is volatile. Trends are always followed by flats. This provides profit opportunities both for trend followers and those who trade within ranges. When one of these two groups makes profit, another either loses or waits for the right moment.
Is it possible to combine these two approaches to increase profitability? Can two strategies complement each other? Let's try to combine seemingly different trading models and see the result of such a combination.
Hans_Indicator_x62_Cloud_System_Tail_Alert - indicator for MetaTrader 5
The Hans_Indicator_x62_Cloud_System_Alert indicator with the level markup extended to the next session. For the drawing of levels in the indicator added input parameter
input bool Draw_Tail= true ; // Разрешение дорисовки уровней до конца ссесии