there may not be an indicator that i know of, but if you were inputing it directly into an ea it would look something like this
double /*your second variable name*/ iLow(NULL,0,10)[/php]
the "NULL,0" means current timeframe and currency pair.
the last 10 means how many bars back you look to find the high.
the low is the same as the high, only flipped.
now how to detect sideways movement
under your global variables, put
for this, i would recomend calling it something that reminds you it is the distance between the high and the low.
now the last step
put this under your either open or close logics as you wish
[php]if (/*your high's name*/ - /*your low's name*/ <= /*your global variable's name) {whatever you want to do with it}*/;it should work
Hi eaglehawk,
But I dont really know how to work with EA's
Can you plz clarify
Also, if any1 has an indicator tht points out the start/end of a sideways market, plz share it
kev
you count from 1-10
or
only picking up the 10th bar
???
Hi eaglehawk,
But I dont really know how to work with EA's
Can you plz clarify
Also, if any1 has an indicator tht points out the start/end of a sideways market, plz share it
kevIf sideways means low volatily dan trending means high volatily then this indicator may help. I found it on this forum, but somehow I can't find the thread. Don't ask for mq4 file, 'coz I don't have it.
hi devil
thnx for the indicator. do u knw how to use it? can u help
kev
hi devil
thnx for the indicator. do u knw how to use it? can u help
kevI've just found the thread, you can read the whole pages here https://www.mql5.com/en/forum/general
note : the author, Raff, was talking about time limitation, so maybe this indicator will expire someday, I don't know when.
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Hi is there any indicator which can tell us when the market is moving sideways and when is it trending?
It might sound a little silly coz no one can predict the market's nature but there must be someway right
thnx
kev