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Trending Market: What is the best indicator

  • #21
  • Mar 23, 2011 1:13pm Mar 23, 2011 1:13pm
My best Trend Indicator
but sorry, I can't share it with you...it's too valuable

AUDUSD - H1
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 20 KB
  • #22
  • Mar 23, 2011 1:23pm Mar 23, 2011 1:23pm
Quoting thompjw31
Hello all,
This is my first post, so please don't flame me to death. I use a simple system that has worked great on demo/live accounts. On my demo, i've seen 13% growth per week, and on my live about 7%. The overall trade win percentage is over 90%. I use a simple method that requires 3 candlestick formations that, after looking at charts for hours on end, seemed to dictate a "true" trend reversal rather than a "false" trend reversal that may carry over the other way, but only shortly. The method I use looks at the present candle and the candle...

this is a known candle formation, sometimes refered to as "railway tracks" candle formation. It is certainly one of 3 known formation I use to indicate possible reversal. The other two I use are englufing and pinbar candle formations.
  • #23
  • Mar 23, 2011 2:49pm Mar 23, 2011 2:49pm
PurePrice,
I appreciate you pointing that out. Again, I am a noob, and haven't read up much on candlestick formations, just learning as I go from what I see myself. I appreciate the heads up though, and will not claim what is not already established. Good lucks, and grand pips to you.
  • #24
  • Mar 23, 2011 4:47pm Mar 23, 2011 4:47pm
I use a simple indicator based on Close[i] <> Open[i]
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  • #25
  • Mar 24, 2011 9:19am Mar 24, 2011 9:19am
Quoting 55&quot; Gbpusd
I use a simple indicator based on Close[i] <> Open[i]
It looks good, can you share it?
  • #26
  • Mar 25, 2011 2:32am Mar 25, 2011 2:32am
I tend to use elliot waves. Sometimes it works. Sometimes it doesn't.
  • #27
  • Mar 25, 2011 6:56am Mar 25, 2011 6:56am
Quoting 55&quot; Gbpusd
I use a simple indicator based on Close[i] <> Open[i]

Hello 55'GbpUsd

Could you share the formula of this indicator. I would like to translate it for Multicharts.

I read on a site that this indicator, when combined with momentum and Directionnal movement create a powerfull trend indicator. When all of them are pointing in the same direction it is a go.

Martin
  • #28
  • Mar 25, 2011 8:09am Mar 25, 2011 8:09am
Quoting 55&quot; Gbpusd
I use a simple indicator based on Close[i] <> Open[i]
It seems worth a look. If you're willing to share it I'd like to take a look as well.
  • #29
  • Mar 25, 2011 9:37am Mar 25, 2011 9:37am
Quoting 0002097
can you share it?
I dont think so.
.
  • #30
  • Mar 25, 2011 9:53am Mar 25, 2011 9:53am
Ichimoku!
Make your losses in demo. Earn your profits live.
  • #31
  • Mar 25, 2011 7:01pm Mar 25, 2011 7:01pm
Quoting nasir.khan
I dont think so.
.

Sorry for delay...

There are good persons in this forum. I try to be one of them.
Attached File(s)
File Type: mq4 #PH#CandleDivergence03_Mod.mq4   2 KB | 833 downloads
  • #32
  • Mar 26, 2011 10:48am Mar 26, 2011 10:48am
Quoting 55&quot; Gbpusd
Sorry for delay...

There are good persons in this forum. I try to be one of them.
Hello again

Glad that you share it for others. But not useable for me since I'm not using MT4. If I got an idea on how the function work , I will be able to code it.

Could you took some pictures or any description, I will probably be able to translate it for Multicharts.


Have a great weekend

Martin
  • #33
  • Mar 26, 2011 1:35pm Mar 26, 2011 1:35pm
I attach you the code...


#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Blue
#property indicator_width1 2
#property indicator_width2 2

//---- buffers
double hi[];
double lo[];

extern int HowManyBarsToTheLeft = 25;
extern int DistanceFromCandle = 1;

int i;

int BasePips(int input)
{
int result = input;
int resDig = Digits;

if (resDig == 3 || resDig == 5) result *= 10;

return (result);
}

int init()
{

IndicatorBuffers(2);

//---- drawing settings
SetIndexArrow(0, 119);
SetIndexArrow(1, 119);

SetIndexStyle(0,DRAW_ARROW,STYLE_DOT,2,Red);
SetIndexDrawBegin(0,HowManyBarsToTheLeft);
SetIndexBuffer(0, hi);
SetIndexLabel(0,"Reversal High");


SetIndexStyle(1,DRAW_ARROW,STYLE_DOT,2,Blue);
SetIndexDrawBegin(1,HowManyBarsToTheLeft);
SetIndexBuffer(1, lo);
SetIndexLabel(1,"Reversal Low");

return(0);
}

int start()
{
i = Bars - HowManyBarsToTheLeft;

while( i >= 0 )
{

if (Close[i] < Open[i] && barsToLeft(i, true))
{
hi[i] = High[i] + BasePips(DistanceFromCandle) * Point;
}
else
{
hi[i] = 0;
}

if (Close[i] > Open[i] && barsToLeft(i, false))
{
lo[i] = Low[i] - BasePips(DistanceFromCandle) * Point;
}
else
{
lo[i] = 0;
}

i--;
}
return(0);
}

bool barsToLeft(int k, bool top)
{
bool Approved = true;

if (HowManyBarsToTheLeft < 1) return (false);

for (int j=0; j < HowManyBarsToTheLeft; j++)
{
if (top)
{
if (Approved) Approved = (High[k] < High[k+j+1]);
}
else
{
if (Approved) Approved = (Low[k] > Low[k+j+1]);
}
}

return (Approved);
}
//+------------------------------------------------------------------+
  • #34
  • Mar 26, 2011 2:05pm Mar 26, 2011 2:05pm
Quoting 55&quot; Gbpusd
Sorry for delay...

There are good persons in this forum. I try to be one of them.
ohh well u proved me wrong.
.
  • #35
  • Mar 26, 2011 3:02pm Mar 26, 2011 3:02pm
Hello. Is it possible to describe with simple words the logic behind this indicator? It looks very promising.

Thank you
  • #36
  • Mar 26, 2011 9:50pm Mar 26, 2011 9:50pm
Everyone is nice!

trending market....hmm.. the best indicator..
MT4 or 5 has good providing one platform that as could be coding/EA placed..
Based on price action, the trending market has primarly look at Fundamental and market sentiment too..for the longterm one

Jess
  • #37
  • Mar 26, 2011 10:10pm Mar 26, 2011 10:10pm
Quoting Guerrillawar
The term best is not appropriate. 200 SMA does the job very well. But the trick is that is must be applied to many different time frames. Until Metatrader lets you put in custom time frames for example 34 minute or 162 minute it is not robust enough. Other paid for platforms allow more fine tuning. E signal or CQG.
Guerrillawar,

200 SMA has more popular.. good for longterm.. i think
Anyway, Do u know how to custom timeframes in MT4?



Quoting ForexBeggine
I think to monitor'e money market one of the best indicator is Real Estate market.
When RE market starting to grow - currency will be stranger.
Hi ForexBeggine, U talked more about market sentiment or stats on data figures.. What is your source for RE?
Fundamental Style!



Jess
  • #38
  • Mar 26, 2011 11:11pm Mar 26, 2011 11:11pm
Quoting josef
This tool looks cool, but the question was how to code something like this.

That was the question: How do I determined that a market is trending. Visually, it is easy, coding it ???
yeah look cool Josef... for me good for scalp and shorterm for taking short trending market...and the question about determined of trending market ... for me FXPulse is good for showing momentum/velocity/volatility in current for the all timeframes in trend direction..OK..Because it's LIVE!
&
+ need your others technical strategies combination.. For E.g

Breakout system is useful for combination this indicator (as Sure for other confirmation)
or Pivot Point technique
or
Candlestick for Reversal Trading!!

--
Download here..

1) put as usual at expert/indicator
2) don t forget enable "DLL imports" otherwise doesn't work
3) Insert it your any chart

I was so hard doing my research to know determining the trend market.. thats why i huv to come here...

Regards,

Jess
Attached Images
Attached File(s)
File Type: ex4 FX Pulse 1.0.1 Beta.ex4   52 KB | 656 downloads
  • #39
  • Mar 26, 2011 11:14pm Mar 26, 2011 11:14pm
U can try GMMA.
  • #40
  • Mar 27, 2011 3:37am Mar 27, 2011 3:37am
Quoting arjfca
Hello

Out of a visually aid, what is the best indicator or technique to determined that a market is trending.

I have developed and coded a counter-trading system. I'm looking to filter my entry. The idea is to prevent any counter-trend entry in heavy trending market.

Now my 1 millions dollars questions:
How do I determined that a market is trending. Visually, it is easy, coding it ???

Any help trully appreciated

Martin
hi, i am new to forex, just my two cents on this (since i used to be a programmer).

visually you can draw a trend line by connecting two or more higher low points (in an uptrend) or two or more lower high points (in a down trend), so you can use a two-dimension array, find the two higher low points (in an uptrend), draw a line and linearly project to the current time frame (i.e. find the relationship between price (x axis) and time (y axis), y=ax+b), you may then define a market is trending if the slope of the line is say >10 degree.

besides, you need to define the number of time frames to be included in your analysis, i.e. how far back you want to look; and the time frame you are looking at, whether it is M5, M15, H1 or D1.

if you want to do some more advanced stuff, you can pick more higher low points (in an uptrend) and use regression analysis to find out the relationship between x and y, and train your system to detect a trend.
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