Originally Posted by humble_trader

Dear nittany1,

I've seen some good things happen on this thread.

I trade on small time frames like 5M & 15M.

I have a good logic (Automated) that makes upto 500 Pips in less than 12 hours - BUT only when market MOVES and has ENERGY - Either ways with minimal drawdown (But loose 50 to 100 percent of that in the next 12 hours).

The issue is the sudden Spikes & Bursts that trigger false trends - which is when I really end up in a mess. The problem I face is the WRONG signal (Basically because of spike/s) and the whole approach is misguided.

I am looking for an indicator that can help me avoid Sudden/False Trends.

Originally Posted by nittany1

ToR 1.20

OK, the latest version of ToR now adds CCI on three timeframes, 1 min, 5 min and 15min
with both Entry and Trend user adjustable. The calculation is done price typical so it
will match up with woodie's CCI numbers.

OK, 1.11 was broken, if anyone has it delete it and use 1.12 instead or the new 1.20.

This indicator I originally wrote to simple tell between trending and ranging markets.
But now it's almost a little trading system in itself.

The next version will give plain text buy and sell signals in addition to what is shown in
1.20.

Other functionality remains the same.

This indicator shows you whether a pair is trending or ranging.
For trending markets use moving averages and for ranging
market use oscillators.

It shows ADX values for multiple timeframes to help you
decide which trading technique to use.
Sometimes you'll see short-term trends against the H4
and D1 trend.

Green is up, Red is down, Blue is ranging. There are two arrows
for both up and down depending on the strength of the trend.
There is a 45 degree arrow up and down for beginning trend and
a 90 degree arrow up and down for strong trends. The squiggly
lines represent ranging.

Also, it seems to me that in ranging markets you'll get conflicting
info from ADX on different timeframes.

Version: 1.20
1.20 - added CCI with two periods in 1, 5 and 15 min
1.12 - fixed some bugs in 1.11
1.11 - changed to "stronger" and "weaker", added 4 Hour
1.10 - added ADX increasing and decreasing notice
1.03 - adjusted spacing, fonts, unreleased
1.02 - added arrows, ranging icon, no zero space state
for icons/arrows, spacing got messed up, now
fixed
1.01 - unreleased, reduced number of colors, functional
1.0 - unreleased, too many colors for ADX values