Thursday, April 16, 2009

Identify Ranges And Trends With Simple Indicator - Range Indicator v1

An indicator I developed which identifies Range\Trend periods automatically and gives very nice results.

How to Interpret
Histogram is Black - Price is in Ranging Period (beware)
Histogram is Green - Price is in Trend
The 'Length' parameter alters the sensitivity of the indicator. Greater values will make the indicator more lagging, and smaller values - more sensitive.

Demonstration of Use

Download
Click here to download.

3 comments:

  1. i would like to download this range indicator ea please help me

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  2. have downloaded and installed the range indicator. very interesting. can you provide a simple explanation of what it is based on? many thanks!

    mo'

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  3. file is removed. please share your file

    ReplyDelete