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what method to filter out Sideways market? what method to filter out Sideways market?
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Old 03-05-2007, 11:39 PM
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what method to filter out Sideways market?
What method/system/indicator/ ETC.. to use on MT4 to filter out sideways ranging markets?

I know about using multiple MA's and when they are tangled...which is O.K. but just wondering if there are other ideas.

THANKS!

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Old 03-06-2007, 04:42 AM
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Quote:
Originally Posted by skorcht
What method/system/indicator/ ETC.. to use on MT4 to filter out sideways ranging markets?

I know about using multiple MA's and when they are tangled...which is O.K. but just wondering if there are other ideas.

THANKS!
take this file it works 100%, don't trade when you are under then green line only trade when you are above the green line
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File Type: mq4 Damiani_volatmeter.mq4 (3.3 KB, 108 views)
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Old 03-06-2007, 08:06 AM
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We have some more threads on the forum:

- Need an Indicator That Isolates SIDEWAYS Market.

- filters.
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Old 03-06-2007, 08:16 AM
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Some more:

- Woodie's choppy zone indicator. Something about one indicator.

- SuperWoodieCCI.
Indicators, trading systems, descriptions, instructions/manuals, wcci patterns and how to trade and so on. Very good thread.

- Jurik Woodie CCI.

- CCI Filter.
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Old 03-06-2007, 08:28 AM
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Market condition.

Two the best one:

- how to estimate and predict the market conditions (choppy, trend etc): the post with many links.

Ichimoku chart/system with forecasting possibility:
- thread (with explanation, market condition estimation and forecasting) is here and here,
- some template is here,
- indicators are here,
- MTF Ichimoku indicators is here,
- new Ichimoku indicators are here and here (thanks fxbs).
Last edited by newdigital; 03-06-2007 at 08:31 AM.
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Old 03-06-2007, 12:42 PM
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What do you consider a ranging market? Like last time, the GBPUSD was range bound between 30-50 PIPs, is this also considered a sideways market?
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Old 03-06-2007, 01:48 PM
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I am using Ichimoku for H4/D1 timeframes together with CMO, AbsoluteStrange and two MaksiGen indicators (one is for trend lines and the other one is for possible stop orders breakout). I am doing it in the morning just to understand to trade or not to trade. It is enogh in most cases.

To estimate the market during a day i am using M5 chart with VQ (H1 settings), MTF_AbsoluteStrenght (H1 settings attached for M5 chart), PriceTender or PriceTrend (sorry, don't remember the name - some indicator with 3 lines in separate window), some signal indicator (anyone), sometimes standard Stochastic with 14,5,5 and with 50,5,5 and some other settings.
Besides, i am using standard MACD indicator.
But it is during a day only.
Because I am not looking for MetaTrader at 24/7. I am looking on the forum more. And if I don't want to miss the signals so I need to estimate the market condition (just to understand when I need to open Metatrader and for how long).

I am estimating ranging or flat and so on market condition on H4 and H1 timeframes: H1/D1 is directly openning H4/D1 chart and H1 - using MTF indicators on M5 chart.
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Old 03-06-2007, 01:54 PM
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Look at the image. It is the chart which I see every morning. It is everything there: breakout levels (dotted bue/red lines), support/resistance lines, trend and so on. Everything. So it is enough in most cases to understand to trade today or not.

h4_market_condition.gif
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Old 03-06-2007, 04:27 PM
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skorcht is an unknown quantity at this point
WOW,
all The INFO I can handle

good Job
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