Indicators: AbsoluteStrengthMarket

[Automated-Trading]

AbsoluteStrengthMarket:

A tape indicator which defines the market state using the AbsoluteStrength indicator

Author: Igor Durkin

[Sergey Golubev]

Discussion about this indicator (and about market condition in general) is on this thread Market Condition Evaluation based on standard indicators in Metatrader 5

Just for information 

[Sergey Golubev]

Forum

Gold is Reaching at 1270

newdigital, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase.

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :

flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :

[Gtrade]

This indicator doesn't work on higher timeframes...only on the current.

[Michael Eichinger]

Do you have an MT4 version of Absolute Stength Market indicator above? It may be what I can add to my EA.  Thanks.

[Sergey Golubev]

Please find fixed version attached ("iTime - override system function" issue was fixed).

The settings for the indicator with template - read the post #2315

[Gtrade]

Thank you!

[Sergey Golubev]

It works good with AscTrend indicator - 

[Chee Chua]

I tried to compile 

AbsoluteStrengthMarket

https://www.mql5.com/en/code/1519

 And got an error with line 498

datetime iTime(string symbol,ENUM_TIMEFRAMES TF,int index)

'iTime' - override system function AbsoluteStrengthMarket.mq5 498 10