SFX Trend Or Range Indicator

0
(0)
Name:
SFX Trend Or Range Indicator
Author: BarrowBoy (2011.07.12 10:38)
Downloaded: 11128
Download:
SFX Trend Or Range Indicator 1
 SFX TOR.mq4 (6.6 Kb) View
The Trend Or Range Indicator (TOR)

A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators.

Old conventional theory says when StdDev above ATR then market trending.

I say this idea may be OK for stocks & commodites but for the harmonics of Forex market we need something quicker and clearer. Also never forget time of day in relation to the pairs main movements.

SFX Trend Or Range Indicator 2

Yellow = StdDev
Aqua = ATR
Red = Smoothed Moving Average of the StdDev
Usage:

Any pair, any time frame. Best used on majors and M15 period or higher

  • Yellow breaks above Red when below Aqua = Trend building
  • Yellow breaks below Red when above Aqua = Trend exhausting
  • Yellow below Red when below Aqua = Ranging/Sideways market

Details:

Code shows how to apply a Moving Average to almost any indicator.

Some sample code snippets below to show you how to call this indicator in an EA.

// Example EA code
extern int AgedPeriodSwitch = 5;   // 1=M1 2=M5 -- 9=MN1 Enables easy period value changing in optimizer ;)

// Settings for SFX TOR
 int TOR.ATR.Period=12;        // D1=20
 int TOR.StdDev.MA.Period=12;  // D1=20
 int TOR.StdDev.MA.Shift=0;    //
 int TOR.StdDev.MA.Method = 0; // 0=SMA 1=EMA 2=Smoothed 3=Linear Weighted
 int TOR.StdDev.MA.Price = 0;  // 0 Close price, 
                               // 1 Open price, 
                               // 2 High price, 
                               // 3 Low price, 
                               // 4 Median price, (high+low)/2, 
                               // 5 Typical price, (high+low+close)/3, 
                               // 6 Weighted close price, (high+low+close+close)/4

 int TOR.MA.Fast.Period = 3;
 int TOR.MA.Fast.Method = 2;   //  0=SMA 1=EMA 2=Smoothed 3=Linear Weighted
 int TOR.MA.Fast.Shift = 0;

bool bTrendEnd;

int start()
 {

 bTrendEnd = IsTrendFading(AgedPeriodSwitch);

 if (IsNewBar)
  if (bTrendEnd) CloseYourTrendingOrders();
   ....
   ....

 return (0);
 }

bool IsTrendFading(int iPeriodSwitch)
 {
  int iPeriodToUse;
  string strSymbol;

  strSymbol = Symbol();

  if (iPeriodSwitch == 0) iPeriodToUse = 0; // i.e. the current chart period of the EA
  else iPeriodToUse = PeriodSwitcher(iPeriodSwitch); 

  double Aqua_1 = iCustom(strSymbol, iPeriodToUse, "SFX TOR", strSymbol, TOR.ATR.Period,TOR.StdDev.MA.Period,TOR.StdDev.MA.Shift,
                          TOR.StdDev.MA.Method,TOR.StdDev.MA.Price,TOR.MA.Fast.Period,TOR.MA.Fast.Method,TOR.MA.Fast.Shift, 0, 1);
  double Yellow_1 = iCustom(strSymbol, iPeriodToUse, "SFX TOR", strSymbol, TOR.ATR.Period,TOR.StdDev.MA.Period,TOR.StdDev.MA.Shift,
                            TOR.StdDev.MA.Method,TOR.StdDev.MA.Price,TOR.MA.Fast.Period,TOR.MA.Fast.Method,TOR.MA.Fast.Shift, 1, 1);
  double Red_1 = iCustom(strSymbol, iPeriodToUse, "SFX TOR", strSymbol, TOR.ATR.Period,TOR.StdDev.MA.Period,TOR.StdDev.MA.Shift,
                            TOR.StdDev.MA.Method,TOR.StdDev.MA.Price,TOR.MA.Fast.Period,TOR.MA.Fast.Method,TOR.MA.Fast.Shift, 2, 1);

  if (Yellow_1 > Aqua_1)
   if (Red_1 > Aqua_1)
    if (Yellow_1 < Red_1) return (true);

  return (false);
 }

int PeriodSwitcher(int iSP)
 {
  // Takes a number 1-9 returns a chart period
  int iP=0;

   switch (iSP) 
   {
    case 1:
     iP=PERIOD_M1;
     break;

    case 2:
     iP=PERIOD_M5;
     break;

    case 3:
     iP=PERIOD_M15;
     break;

    case 4:
     iP=PERIOD_M30;
     break;

    case 5:
     iP=PERIOD_H1;
     break;

    case 6:
     iP=PERIOD_H4;
     break;

    case 7:
     iP=PERIOD_D1;
     break;

    case 8:
     iP=PERIOD_W1;
     break;

    case 9:
     iP=PERIOD_MN1;
     break;
   }  

 return(iP);
 }

Do not mail me if this EA sample code doesnt compile - is only pseudo-code!!!

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.