ToR 1.02 Indicator, Trending or Ranging | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

indicator for trending and ranging 9 replies

Trending Ranging Strategy 2 replies

Scaling In System for Trending/Ranging Currencies 24 replies

Ranging Vs. Trending 5 replies

Ranging vs Trending Correlation 8 replies

Attachments: ToR 1.02 Indicator, Trending or Ranging
Exit Attachments

ToR 1.02 Indicator, Trending or Ranging

  • #1
  • First Post: Edited Feb 16, 2008 7:39am Jun 9, 2007 10:19pm | Edited Feb 16, 2008 7:39am
ToR 1.20

This indicator shows you whether a pair is trending or ranging.
For trending markets use moving averages and for ranging
market use oscillators.

It shows ADX values for multiple timeframes to help you
decide which trading technique to use.
Sometimes you'll see short-term trends against the H4
and D1 trend.

It's up to you whether you trade in a ranging market. It seems
to me that trading with the long-term trend is best.
Having said that, the reason why I made this indicator is to
to let the trader decide at a glance what to do, or even to
do nothing. Staying out of a market is a position too.

I may adjust the spacing between the objects, but it's useable
right now. If it messes up in use and displays garbage please
take a screenshot and post it on the forum then shoot me an
email, I will debug.

I've included two screenshots, one with a ranging example and
one with a strong trending example.

Green is up, Red is down, Blue is ranging. There are two arrows
for both up and down depending on the strength of the trend.
There is a 45 degree arrow up and down for beginning trend and
a 90 degree arrow up and down for strong trends. The squiggly
lines represent ranging.

Also, it seems to me that in ranging markets you'll get conflicting
info from ADX on different timeframes.

Version: 1.20
1.20 - added CCI to information presented
1.12 - changed spacing and timeframes
1.10 - added increase/decrease information, adjusted fonts
1.02 - added arrows, ranging icon, no zero space state
for icons/arrows, spacing got messed up, now
fixed
1.01 - unreleased, reduced number of colors, functional
1.0 - unreleased, too many colors for ADX values
Attached Image (click to enlarge)
Click to Enlarge Name: screen-usdchf-h1.gif Size: 45 KB
Attached File(s)
File Type: mq4 ToR_1.02.mq4   16 KB | 3,959 downloads
File Type: mq4 ToR_1.10.mq4   21 KB | 2,567 downloads | Uploaded Jan 22, 2008 6:05pm
File Type: mq4 ToR_1.12.mq4   21 KB | 3,181 downloads | Uploaded Feb 16, 2008 7:24am
File Type: mq4 ToR_1.20.mq4   33 KB | 7,094 downloads | Uploaded Feb 16, 2008 7:25am
File Type: mq4 CCI_Woodies_Lnx_v1_1_TFmod.mq4   9 KB | 4,434 downloads | Uploaded Feb 16, 2008 7:28am
  • #2
  • Jun 10, 2007 8:03pm Jun 10, 2007 8:03pm
Hi. This is a really good idea. Pardon the ignorance, but what is ADX?
  • #3
  • Jun 11, 2007 10:55am Jun 11, 2007 10:55am
ADX stands for average directional index. It's to measure the strength of a trend. It's derived from two other indicators DI- and DI+. DI stands for directional indicator.

You can open 5 charts of a currency pair, one each of 5 min, 15 min, 1 hr, 4hr and 1 day, then add ADX to those 5 charts and see where my data comes from.
  • #4
  • Jun 11, 2007 1:00pm Jun 11, 2007 1:00pm
Quoting nittany1
ToR 1.02

I wrote my first indicator!

This indicator shows you whether a pair is trending or ranging.
For trending markets use moving averages and for ranging
market use oscillators.

It shows ADX values for multiple timeframes to help you
decide which trading technique to use.
Sometimes you'll see short-term trends against the H4
and D1 trend.

It's up to you whether you trade in a ranging market. It seems
to me that trading with the long-term trend is best.
Having said that, the reason why I made this indicator is to
to let the trader decide at a glance what to do, or even to
do nothing. Staying out of a market is a position too.

I may adjust the spacing between the objects, but it's useable
right now. If it messes up in use and displays garbage please
take a screenshot and post it on the forum then shoot me an
email, I will debug.

I've included two screenshots, one with a ranging example and
one with a strong trending example.

Green is up, Red is down, Blue is ranging. There are two arrows
for both up and down depending on the strength of the trend.
There is a 45 degree arrow up and down for beginning trend and
a 90 degree arrow up and down for strong trends. The squiggly
lines represent ranging.

Also, it seems to me that in ranging markets you'll get conflicting
info from ADX on different timeframes.

Version: 1.02

1.02 - added arrows, ranging icon, no zero space state
for icons/arrows, spacing got messed up, now
fixed
1.01 - unreleased, reduced number of colors, functional
1.0 - unreleased, too many colors for ADX values
Thia looks marvelous. I just started using ADX and this'll be a big help. Thanks a lot.

Good trading to you,
Richard
  • #5
  • Jun 11, 2007 1:28pm Jun 11, 2007 1:28pm
looks pretty nice
  • #6
  • Jun 12, 2007 5:58am Jun 12, 2007 5:58am
Thanks for that. This is something I've actually been looking for!
  • #7
  • Jun 12, 2007 6:10am Jun 12, 2007 6:10am
I found the ADX indicator on MT, but where are the DI- and DI+ on MT? ...Or can't you use these independent of ADX?
  • #8
  • Jun 12, 2007 6:26am Jun 12, 2007 6:26am
That's a cool indicator
One question tho:

Is it possible to get the past data or does it only display most current market conditions?
  • #9
  • Jun 14, 2007 12:33pm Jun 14, 2007 12:33pm
There's one thing I'm working on right now is including data from DI- and DI+ in a new way. I'm also going to add more timeframes so it will probably become two rows of text. I'm glad you guys like it so far. Best of luck on all your trade!
  • #10
  • Jun 22, 2007 6:49am Jun 22, 2007 6:49am
Thanks nittany1
Your indicator looks very interesting, look forward to the update!

Have A Great Day
AW
  • #11
  • Jun 26, 2007 12:52am Jun 26, 2007 12:52am
Very helpful Nitany1.
Looking forward to the updates also.
Keep up the good work.

Cheers
SK
  • #12
  • Jul 16, 2007 6:51am Jul 16, 2007 6:51am
I Like it, it's usefull thank you, i hope you can make another usefull indi again
  • #13
  • Jan 22, 2008 6:08pm Jan 22, 2008 6:08pm
Quoting Desginer
I Like it, it's usefull thank you, i hope you can make another usefull indi again
I made a new updated version of ToR, this one includes different timeframes meant more for people trading 1 hour and less, and I've also added increasing and decreasing plain text data to tell you if that trend is getting stronger or weaker on that timeframe.

- nittany1
  • #14
  • Feb 13, 2008 8:19pm Feb 13, 2008 8:19pm
nittany1,
Thanks a lot for your effort.
Could you help add the H4, D1 and W1 timeframes for this indicator?
Rhythm, Motion, Emotion and Risk Reward.
  • #15
  • Feb 16, 2008 7:31am Feb 16, 2008 7:31am
I added two more versions, plus I added a download for my modified version of Woodie's CCI indicator that automatically adjusted the period according to the timeframe you are viewing. You can set the period for the entry and trend CCI in each timeframe or use the ones I have found to work pretty well.

- nittany1
  • #16
  • Mar 19, 2008 5:33am Mar 19, 2008 5:33am
i'm loving it! Good work nittany1..i hope this thread will be useful for newbies out there who want to find out when a market is ranging or trending.
  • #17
  • Mar 22, 2008 3:29pm Mar 22, 2008 3:29pm
Is there a way to create a sound/email alarm for this Indicator? A version where you set the Alarm value to whatever timeframe? It would so make this indicator the ultimate ADX Indicator.
  • #18
  • Nov 8, 2008 6:26pm Nov 8, 2008 6:26pm
Hi nittany1. Your indicator looks great. I've started using ADX and ToR indicator might help me. So I realy appreciate it.
But can you reveal how you trade this indicator? And also I'd like to ask how you use ADX and CCI altogether and what are results of your trading system?
Thank you very much, regars AGEDOG.
  • #19
  • Jul 29, 2010 7:34pm Jul 29, 2010 7:34pm
First time poster - can't start a new thread yet so i'll dig up an old one...

Love this indi and all the other digital ones like it.

Can someone take these 3 indi's
Attached File(s)
File Type: mq4 DIGISTOCH.mq4   20 KB | 3,133 downloads


Attached File(s)
File Type: mq4 GMACD_Signals.mq4   14 KB | 2,978 downloads


Attached File(s)
File Type: mq4 ToR_1.20.mq4   33 KB | 2,662 downloads



and combine/format them like so;
Attached Image (click to enlarge)
Click to Enlarge Name: Before.jpg Size: 129 KB


Attached Image (click to enlarge)
Click to Enlarge Name: After.jpg Size: 100 KB


Maybe get the fonts larger and more uniform in size, and also maintaining the menu options and functionality.

I'd think it would be a matter of copy/pasting parts of the scripting and cleaning up the formatting - maybe its not possible at all?
  • #20
  • Jul 30, 2010 9:38am Jul 30, 2010 9:38am
Quoting Brand0n1
First time poster - can't start a new thread yet so i'll dig up an old one...

Love this indi and all the other digital ones like it.

Can someone take these 3 indi's
Attachment

Attachment

Attachment


and combine/format them like so;
Attachment

Attachment

Maybe get the fonts larger and more uniform in size, and also maintaining the menu options and functionality.

I'd think it would be a matter of copy/pasting parts of the scripting and cleaning up the formatting - maybe...
Thank you for the indis.

Also very nice looking charts.........could you tell us what that indi on the main chart is ?
0 traders viewing now