Hi,
I'm testing different systems for different market conditions in 1M TF. In certain hous I see that candles are just 1 pip high, and in certain others they are 10 pips or more.
I'm trying to stablish this as a way of selecting a strategy (one for a slow market, one for a fast one), with different SL and TP depending on the conditions.
I thought about creating an indicator which gives me the average of the last n candles (in Low/High and Open/Close).
However, if anyone already uses an indicator which gives the current "speed" of the market that would be better because it would be an already tested one.
I've tested ATR but if you read above that's not exactly what I'm looking for.
Thanks in advance.
I'm testing different systems for different market conditions in 1M TF. In certain hous I see that candles are just 1 pip high, and in certain others they are 10 pips or more.
I'm trying to stablish this as a way of selecting a strategy (one for a slow market, one for a fast one), with different SL and TP depending on the conditions.
I thought about creating an indicator which gives me the average of the last n candles (in Low/High and Open/Close).
However, if anyone already uses an indicator which gives the current "speed" of the market that would be better because it would be an already tested one.
I've tested ATR but if you read above that's not exactly what I'm looking for.
Thanks in advance.