ToR 1.02 Indicator, Trending or Ranging
ToR 1.20
This indior shows you if a pair is trending or ranging.
For trending markets use moving averages and for ranging
market use oscillators.
It shows ADX values for many timeframes to help you
settle on which trading egy to use.
Sometimes you will see short-term tendencies against the H4
and D1 trend.
It is up to you if you exchange in a ranging market. It seems
to me that trading using the long-term trend is best.
Having said that, the reason I made this indior would be to
to let the trader decide at a glance what to do, or even to
do so. Remaining out of a market is a position.
I will adjust the spacing between these objects, but it is useable
at the moment. If it pops up in usage and displays crap please
take a screenshot and post it to the forum then take me an
email, I will debug.
I've included two screenshots, one having a ranging illuion and
one having a strong trending example.
Green is upward, Red is down, Blue is ranging. There are two arrows
for both up and down depending on the strength of this trend.
There's a 45 degree arrow up and down for starting trend and
a 90 degree arrow up and down for strong tendencies. The squiggly
lines signify ranging.
In addition, it seems to me that in ranging markets you will receive conflicting
information from ADX on various timeframes.
Model: 1.20
1.20 - added CCI to data introduced
1.12 - changed spacing and timeframes
1.10 - added increase/decrease Info, corrected fonts
1.02 - added arrows, ranging icon, no zero distance state
to get icons/arrows, spacing got messed up, currently
fixed
1.01 - unreleased, reduced number of colours, functional
1.0 - unreleased, a lot of colours for ADX values
https://forexintuitive.com/discussio...-ibook-g4.html
https://forexintuitive.com/discussio...pivot-egy.html
https://forexintuitive.com/forex-tra...es-market.html
https://forexintuitive.com/discussio...llective2.html
https://forexintuitive.com/attachmen...8056333870.jpg
https://forexintuitive.com/attachmen...1111233484.mq4