Or bands. Is there a newer version of attached ATR bands (not just x pip bands as in normal averages indicator)?
Angel of T3 is good, but it filters many pullbacks, where entry would be best. Maybe with slower settings.
The indis here are newer and better than on other boards. Sideway filtering is an advanced topic, which mainly isn't a topic there.
I think, if prices are over the middle bands line tells me, the up strength is good and I tp at top of the wider bands, if middle bands don't go up. Many good strategies work this way, that you just trade, if price is over 2 emas for example.
Maybe an advanced rsi is also a good idea, but it should be used as help, not as a rule, so that you don't enter at top or only few times.
Re: Range Trading & Sideways Market filters for MT4
32yes friend4you, you are right atr bands are very useful to find sideways market.
many mladens indicators are also useful for that.
it is nice discussion to find out which indicator helps to detect sideways market. as making profit in sideways market is difficult
many mladens indicators are also useful for that.
it is nice discussion to find out which indicator helps to detect sideways market. as making profit in sideways market is difficult
Re: Range Trading & Sideways Market filters for MT4
34Thanks for idea and indicators/templateTEAMTRADER wrote: Wed Sep 20, 2017 8:01 am Try this as a template.
It shows sideways and it shows trends.
And it has on the explanation of how the indicator works.
TEAMTRADER
Re: Range Trading & Sideways Market filters for MT4
35Yes, but it seems to be slow. Which settings do you recommend?
mntiwana wrote: Wed Sep 20, 2017 7:05 am Hi guys
Why you dont try "Trend direction & force index" version indicators and some others of that kind
Re: Range Trading & Sideways Market filters for MT4
36The setting that suits your strategy - but it is not slow,there are parameters you can fast itfriend4you wrote: Thu Sep 28, 2017 8:34 pm Yes, but it seems to be slow. Which settings do you recommend?
Trend direction and force index - smoothed 4_5.ex4
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: Range Trading & Sideways Market filters for MT4
37There are possibilities, but I like bands more, posted here:
https://www.forex-station.com/viewtopic ... 1295364027
NZDUSD 5 min:
https://www.forex-station.com/viewtopic ... 1295364027
NZDUSD 5 min:
Re: Range Trading & Sideways Market filters for MT4
38Good work! TMA=Target Bands seem to repaint, but as target no problem. Good way to combine DEMA and 2 RSX. Thanks.
TEAMTRADER wrote: Wed Sep 20, 2017 8:01 am Try this as a template.
It shows sideways and it shows trends.
And it has on the explanation of how the indicator works.
TEAMTRADER
Re: Range Trading & Sideways Market filters for MT4
39Why is the indicator at botton called rsi ma, teamtrader, when it is a changed TDI with a faster RSX (blue red lines). Mrtools made an adaptive, smoothed version of Malones indicator for me here:
https://www.forex-station.com/viewtopic ... 1294859315
https://www.forex-station.com/viewtopic ... 1294859315
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