Hi yaniv_av,
Your question is not simple.
because as many trades as many indicators/systems. people are using trading systems for estimation, as indicators as trading systems (Ichimoku for example), or some forecasting (free or commercial) or estimating using some standard indicators.
Besicly it is not very difficult as we are always on the market trading and monitoring the price movement.
There are some links to related subject:
-
evaluation of the market condition using six SMA indicators: original
public thread.
-
Forex Market Conditions, a graphic depiction:
thread with image and explanation about markert condition.
-
Woodie's choppy zone indicator: many choppy zone indicators from Igorad;
original thread.
Meaning of the color in some Igorad's indicators:
MediumBlue: Strong UpTrend.
Crimson: Strong DownTrend
DodgerBlue: Retrace UpTrend
Tomato: Retrace DownTrend
LightBlue: Choppy UpTrend
Orange: Choppy DownTrend
Aqua: Be ready to change UpTrend
Yellow: Be ready to change DownTrend
-
SideWinder for CCI: My first release:
original thread started FX-Sniper.
-
ZZi indicator:
version of the CCI clearly shows OverBought and OverSold levels.
-
Jurik Woodie CCI: indicators are
here.
-
CCI Filter:
original thread with indicators and full explanation.
-
market condition evaluation (incl choppy zones) and prediction using MTF_AbsoluteStrength_v1 indicator:
original thread with indicators, live trading results and images; how to use indicator (rules): read all the pages starting from
this page till
this one.
-
Indicator That Isolates SIDEWAYS Market:
original thread; small indicator's
collection with images;
-
STIX indicator: elite section: .
Quote:
STIX is a short-term trading oscillator that was published
in The Polymetric Report. It compares the amount of
volume flowing into advancing and declining stocks.
According to The Polymetric Report:
STIX usually ranges between +42 and +58.
If STIX gets as low as 45, the market is almost
always a buy, except in a raging bear market.
The market is fairly overbought if STIX rises to 56;
and except in a new bull market, it's wise to sell if
STIX should go over 58.
Traders and investors should modify these rough rules
to suit their own objectives.
In normal markets, STIX rarely gets as high as 56 or
as low as 45, so rigid use of these rules of
thumb would keep you inactive most of the time.
For active accounts, the rules might be made much
less stringent.
Extremely Overbought greater than 58
Fairly Overbought greater than 56
Fairly Oversold less than 45
Extremely Oversold less than 42
|
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).
-
Trend /Reversal /Continuation HELPER:
original thread of very good indicator
-
Reliable Trendlines: small elite section
thread with many trend lines or support/resistance lines indicators.
-
MaksiGen_Range_Move:
the indicator as part of MaksiGen Trading system; it drawing horizontal trend line and support/resistance lines, also - breakout lines. The same indicator with alarm is
here.
Personally I prefer Ichimoku, or MaksiGen_Range_Move, or MTF_AbsoluteStrength_v1 indicator. Besides there are some indicators for M5 timeframes which i am using sometimes (PriceTrend or PriceTender with H1 settings created by Kalenzo).
But, anyway, almost everything is based on standard indicators so they are very good as well.
Linear Mode
