There are 100's of trend indicators. But the problem in trading allways is how to identify ranging, because that is what kills our strategies. So don't pollute this thread with trending indicators, go somewhere else! If anybody have a range ...

Indicator for identifying ranging condition

I am not a MT5 person. I like simplicity which you find in MT4. MT5 does have a lot of nice functionallity, but with MT4 i can programe a strategy normally within an hour or two.

Indicator for identifying ranging condition

That TDI is a little money machine - appearrently. Thank you for the link.

Indicator for identifying ranging condition

This seems very nice. Awaiting the robot - or I can make it ;-)

Synergy Strategy with TDI Pro

Thank you.

Indicator for identifying ranging condition

To the people who find this thread interesting. I had an idea for an indicator which I think is good. I made the indicator and I think it is finished. I want to share it and I want to share the code. But it is not my intention to develop it further ...

Indicator for identifying ranging condition

Hmmm - you do not use any indicator. What are you doing here? This thread is about an indicator!!!! Discretionary trading is not a subject here. I appreciate your method, it is most interesting. But your method is different and you are about to make ...

Indicator for identifying ranging condition

Sorry - I really don't remember. In the matter fact it was on a YouTube video. After a long day when the wife is asleep, I use several hours watching YouTube. There are loads of crab from people who cannot make a living by trading, but you get a ...

Indicator for identifying ranging condition

Simnz, Geester Thank you. Let me have a detailed description. And maybe a bit of designing by discussion before I make it.

Indicator for identifying ranging condition

Hi Geester I just saw it myself, that I have only published the exe file. No it is my intension, that other programmers can use my idea. We are here to help each others. So the MQ file will be uploaded. User choice of colours is a good idea. I will ...

Indicator for identifying ranging condition

Guys, this is a little journey. I allways wanted to find a way to display the ranging tool at Bollinger Band in a more user friendly way. I just did that. I then improved it with the Darkred bars, which is predicting that Green bars might come. NOW! ...

Indicator for identifying ranging condition

I made an update. Now version 5. Recap: When the histogram is green, then then momentum between the upper and the lower bollingerbands are bigger than in the last X bars. X can be set at the variabl MA_Length. Personally I use the number 40, but it ...

Indicator for identifying ranging condition

Hi Geester I have seen your optimizations. Nice. I have made a version 4 with credits to you.

Indicator for identifying ranging condition

So think I. It is far from perfect though. You need to be on guard and use stop loss and money management.

Indicator for identifying ranging condition

Sorry, I do not work in MQ5. Somebody else must do that. It is very simple. Maybe it can be transferred without any changes? I don't know.

Indicator for identifying ranging condition

Thank you. Let´s ask people to use your version. I will still use my own. I know about the flaws you mention, but for my use there is no problem. I will study your suggestions though and get wiser. Thanks again.

Indicator for identifying ranging condition

Well, you can look at it in two ways. The other way is using the histogram. Forget the line. If the histogram is red, then it is ranging. If the histogram is green, then it is trending. The indicator does NOT know which direction it is trending. You ...

Indicator for identifying ranging condition

No. When the yellow line goes over the red histogram, it ranges. When the line goes under the green histogram it is trending.

Indicator for identifying ranging condition

Well, I add it as usual to the directory of indicators. No problem at my end. Did you remember to refresh?? Right click on the heading "Indicators" and click on refresh. Anybody else having a problem??

Indicator for identifying ranging condition