Market Condition Evaluation based on standard indicators in Metatrader 5 - page 26

Viktor Vlasenko
543
Viktor Vlasenko  

Сергей, можно и mq4, я просто никак не могу найти исходник :)

заранее спасибо в любом случае 

Sergey Golubev
Moderator
110774
Sergey Golubev  

Hi vitto333,

I asked Igorad (it is his indicator especially for MT4 too). 

Sergey Golubev
Moderator
110774
Sergey Golubev  
vito333:
newdigital, may i get Trend strength indi source please?

Here you are. I uploaded with the permission of the coder (igorad). And I asked him to make an entry to mql5 Codebase with this indicator and in this case - whole MT5 community will have possibility to use it.

Files:
Sergey Golubev
Moderator
110774
Sergey Golubev  
I can not provide market condition evaluation for Monday now because market was very volatile on Friday (basicly because of high impacted news events). I will make this analysis on Monday evening. But for now - I will post something interesting for the other pairs than majors which may be affected for Monday for example.
Sergey Golubev
Moderator
110774
Sergey Golubev  

AUDNZD

M30 - primary bullish with secondary correction

Chart AUDNZD, M30 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDNZD, M30, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo 


H1 - primary bullish with secondary correction

Chart AUDNZD, H1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDNZD, H1, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo 


H4 - ranging with primary bullish

Chart AUDNZD, H4 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDNZD, H4, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo 


D1 - and this is very interesting situation: breakout on open D1 bar. It may be good to see when the next D1 bar will be opened on Monday - if this bar will confirm this situation so this pair will be good candidate for trading for the coming week. 

Chart AUDNZD, D1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDNZD, D1, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo
Sergey Golubev
Moderator
110774
Sergey Golubev  

AUDCHF This is the other pair which is having interesting market condition. Seems - it is the next candidate to trade for the coming week. Details are below.

M30 - secondary correction with bullish as a primary trend

Chart AUDCHF, M30 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDCHF, M30, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo

 

H1 - same case as with M30: primary is bullish with secondary trend as a correction

Chart AUDCHF, H1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDCHF, H1, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo

 

H4 - bullish

Chart AUDCHF, H4 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDCHF, H4, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo

 

 

D1 - bullish as a primary trend; and breakout was started on close bar! I think - this pair may be good candidate for trading for the next week.

Chart AUDCHF, D1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart AUDCHF, D1, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo
Sergey Golubev
Moderator
110774
Sergey Golubev  

CADCHF This is next pair which may be good for trading since this Monday. Why? See marketcondition for D1 timeframe

 

D1 - we can see that breakout was started on close bar, But market is on bearish condition anyway with resistance 0.9252 and 0.9313 (price is on 0.9238 level for now). So, if the price will break those 2 resistance levels (and especially 0.9313) - we will have good breakout and big movement here.

Chart CADCHF, D1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.10

Chart CADCHF, D1, 2013.03.10, MetaQuotes Software Corp., MetaTrader 5, Demo


That's all news for today. 


Viktor Vlasenko
543
Viktor Vlasenko  
Very thanks!
Sergey Golubev
Moderator
110774
Sergey Golubev  

This is an update for the situation of pre-selected pairs.

AUDNZD

M30 - it was real breakdown. Some traders made good profit today.

Chart AUDNZD, M30 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11

Chart AUDNZD, M30, 2013.03.11, MetaQuotes Software Corp., MetaTrader 5, Demo

 

H1 - breakdown on open bar but proce was stopped by resistance lines 9we can see the levels on the image below).

Chart AUDNZD, H1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11

Chart AUDNZD, H1, 2013.03.11, MetaQuotes Software Corp., MetaTrader 5, Demo

 

H4 - it is correction going on for now.

Chart AUDNZD, H4 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11

Chart AUDNZD, H4, 2013.03.11, MetaQuotes Software Corp., MetaTrader 5, Demo

 

D1 - new daily bar was opened for breakout as expected but I am sorry - it was stopped by resistance line (border of the cloud).

Chart AUDNZD, D1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11

Chart AUDNZD, D1, 2013.03.11, MetaQuotes Software Corp., MetaTrader 5, Demo
Sergey Golubev
Moderator
110774
Sergey Golubev  

AUDCHF

D1 - breakout was continuing but it was ranging market condition for the other timeframes so the traders got just few pips in profit only sorry:

Chart AUDCHF, D1 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11

Chart AUDCHF, D1, 2013.03.11, MetaQuotes Software Corp., MetaTrader 5, Demo