Ranging Market Detector
99 USD
Demo downloaded:
218
Published:
28 April 2021
Current version:
2.12
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New Function Added
In the 2.1 update, we have added the functionality to disable the Histograms. This introduces another ability of the indicator, which is to help you know when the market is actually retracing and enter long or short early. On it's own now, it can help you trade without adding too many indicators on the chart.
BUY1: If the long-term signal line is above line -20, enter buy if the short-term signal line moves below level 10 and then moves back above 10
BUY2: If the long-term signal line is above line -20, enter buy if the short-term signal line moves below level -20 and then moves back above -20
SELL1: If the long-term signal line is below line -20, enter sell if the short-term signal line moves above level 10 and then moves back below 10
SELL2: If the long-term signal line is below line -20, enter sell if the short-term signal line moves above level -20 and then moves back below -20
Example of a buy using the indicator after disabling the histograms
Hey, all. Thanks for your trust. Don't forget to check the tips and other articles at
https://www.mql5.com/en/users/pipmontra/blog
We have prepared information on how to use this indicator optimally.
The Ranging Market Detector works in unison with the True Oversold Overbought indicator.
With the new update of the True Oversold Overbought you will be able to to see areas of convergence or divergence and make more accurate entries.
👉 Check it out https://www.mql5.com/en/market/product/68396
Prediction of price using Ranging Market Detector and Today July 9th. Ranging Market Detector and True Oversold Overbought
This is how you trade when the market is ranging; don't run away from it. If the yellow and blue histograms are active the indicator will show you when the price reaches the Bottom or the Top range. Therefore, you can trade these tight zones.