I used two indicators to show me when the market was flat and going sideways.
The first is the CCI histos indicator (grey being the 'uncertain' area) and the second is the MACD flat market indicator that shows two lines - between them is the 'uncertain area'.
Collectively these indicators will help to assess when the market is going sideways/erratically.
MACD settings are 8/15 and the CCI are my standard 55/125.
These should help to keep you out of the market when it is going sideways.
George
The first is the CCI histos indicator (grey being the 'uncertain' area) and the second is the MACD flat market indicator that shows two lines - between them is the 'uncertain area'.
Collectively these indicators will help to assess when the market is going sideways/erratically.
MACD settings are 8/15 and the CCI are my standard 55/125.
These should help to keep you out of the market when it is going sideways.
George
Attached File(s)
MACD_FlatMarketDetector.mq4
4 KB
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537 downloads
CCI Histo 4 Colours.ex4
5 KB
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489 downloads