FREE FOREX STRATEGIES

#1 Range-bound trading (50 SMA angle)


One of the methods to detect a range-bound market is by looking at the angle of the Moving average.
If, for example, our Moving average (MA) is rising fast - the angle of the MA line on the chart will get steeper and steeper.
Already at this early stage we can make a conclusion: if the angle of the Moving average is rising – the trend is getting stronger. If the angle is dropping – the trend is getting weaker.
If the angle of the moving average is insignificant, close to flat or is flat – we know that the market has entered its sideways mode.


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setup? entry & exit?

the sma angle has its shortcoming,it's hard to decide which period to use.50sma ? 60sma or 100sma. I found that when I use the 50 sma, sometime the price would range around the 50 sma. it's best to use the 90 sma angle,but 90 sma is not much sensitivity at that time.

yizhe

email:yizhe2000(at)gmail.com

I have no programming skills to convert it to ninja, I'm sorry.
A help from traders would be appreciated.

Best regards,
Edward

Hi Manus168,
That's quite an idea!
I like it. Let's look what it can do.

Best regards,
Edward

any chance we can have it converted to ninjatrader?
Ann

Helo Ed;

I just want to share how to detect Range or Trending Market, but unfortunately this
tehnique I just try & apply only in EUR/USD at H1 TimeFrame; please feel free to tweak.

Here's The Deal:

At EUR/USD Timeframe H1; try to put this 2 Indicators : ATR(14) & Standard Deviation(14)
Now here's the rules ...

If you find ATR(14) > then the Standar Deviation(14) it means EUR/USD = Ranging/Sideways.
If you find ATR(14) < then the Standar Deviation(14) it means EUR/USD = Trending.

The Logic behinds is; if the SD is smaller then the ATR it means Market in range of the 14 bars because ATR is meassure the range (high to low) of the N bars (in this case 14 bars); BUT if SD is more large then the ATR it means Market break the boundries of High to Low 14 Bars Range
& the result Market is Trending.

Please feel free for comment Bro Edward.

Happy Trading ;)

Best Regards;

Manus168

....still reading but i'll like to say a million thanks already!!! .....Ola.in.cam

Thanks you Edward..

||Eddy,Happy new year. Thanks for your hardwork and help.

Hi,
you'll find the guidelines here:
how to install custom indicators

Best regards,
Edward

hi Edward, thks for the indicator but i just cant attached to the mt4 platform, pls advice

Excellent work ! This work will help many traders. Thank you guys for sharing this work.

Nice one

James from Bondfx


 

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