Most simple Sideways Detector

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In all my time developing systems for the Financial Markets I saw a lot of people complain about having difficulties detecting sideways markets programmatically.

So I thought to share the method I'm using and being very satisfied with it. It is certainly not perfect, especially after a big move. But in the end it doesn't need to be perfect to work.

The algorithm is based on the assumption that the markets always move sideways, except when they are not.

I hope it helps you.

Aangehegte prent (klik om te vergroot)
Aangehegte prent (klik om te vergroot)
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File Type: mq4 SidewaysDetector.mq4 8 KB | 2 aflaaie | Opgelaai Jan 15, 2018 7:25nm
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Skrywer: Forex Wiki-span
Ons is 'n span hoogs ervare Forex Handelaars [2000-2023] wat daaraan toegewy is om die lewe op ons eie terme te leef. Ons primêre doelwit is om finansiële onafhanklikheid en vryheid te verkry, en ons het selfonderrig nagestreef en uitgebreide ondervinding in die Forex-mark opgedoen as ons manier om 'n selfvolhoubare leefstyl te bereik.