what indicator works in sideways periodes(consolidation)

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  • 06/22/2017 at 12:49 PM #38805 quote
    Kenneth Kvistad
    Participant
    Senior

    Hi.

     

    What or how do most of you here make staregy to tell the maked is moving sideways?

    I have tried to make this with two moving avragea but cant make it work.

    I was thing about same as boxes that gets drawed on the chart as nicolas have made. If price the last 12houers have been hiting hh and LL 2 times I whabt to start my enter signal.

    Other explination could be bollinger band other lines is both going sideways. (How to program this?

    06/22/2017 at 12:58 PM #38806 quote
    Nicolas
    Keymaster
    Master

    If the price is continuously playing around (near) its mean, the market is certainly ranging, that’s why Bollinger Bands are accurate to detect ranging market, because the bands are narrowing if the deviation of price is minimal. You can try this one: https://www.prorealcode.com/prorealtime-indicators/bollinger-range-bound/ or even BollingerBandWidth keyword.

    GraHal thanked this post
    06/22/2017 at 8:19 PM #38826 quote
    Derek
    Participant
    Veteran

    If the market keeps contracting it fails to make either new highs or lows. A simple Donchian Channel can do some tricks, with a bit of research.

    Nicolas thanked this post
    06/23/2017 at 1:59 PM #38908 quote
    GraHal
    Participant
    Master

    Bill Williams Alligator is good also .. when the gator is sleeping the market is ranging … I always smile at refs to the gator, but it makes you remember … not that you need to remember as it is so obvious! 🙂

    https://www.prorealcode.com/prorealtime-indicators/bill-williams-alligator/

    Derek thanked this post
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what indicator works in sideways periodes(consolidation)


ProBuilder: Indicators & Custom Tools

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Kenneth Kvistad @kenneth_kvistad Participant
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This topic contains 3 replies,
has 4 voices, and was last updated by GraHal
8 years, 7 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 06/22/2017
Status: Active
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