Indicaotrs to see if market is trending for up or down
It has been a month one of my contacts, Mr. I, informed me about some interesting news.
“Changing the subject, do you know Razor and TrendLaser from PipFinite?
They look pretty interesting. Not like in other cases, there are many positive reviews comments. The fact that there is no repaint sounds awesome.”
Sincerely I even did not know any of two. Looking at the mql5.com I have found about them:
It is my personal opinion but I didn’t like the Razor, too many blinks…
On the other hand, Trend Laser gives me positive feelings. It looks useful to see if the market is trending, on top of that the appearance is somewhat beautiful…
However, I have notices that this does not work to see the market trending strength. (Maybe sure it does but I could not feel so)
Frankly speaking, I don’t feel for buying it even though yes I liked it but it seems that Mr. I is just to buy these indicators. (He told me that it is necessary to use the indicator on several time frames to analyze the strength of the trending).
One month had passed and now I’m considering this matter again since I need something to see the market trend for one of my EA programs. So let’s see what I can do.
NonLagMA_v5
Well, I have just remembered about one indicator, NonLagMA_v5.
Red is for downtrend, blue is for uptrend. By configuration you can use the yellow line as well (you need to define “ColorBarBack” as 0) to visualize the market in range.
Well…, I begin to feel like this indicator is similar to something….
Yes, TrendLaser by PipFinite.
TrendLaser and NonLagMA_v5.
For your information, I have adjusted the configuration of NonLagMA so that it has similar appearance with TrendLaser.
Length＝28
Filter＝40
Well, I begin to think again that NonLagMA could be used for the “almost same purposes”…
For next occasion, I will analyze the NonLagMA indicator.
TrendLaser seems visually better or something but it does not convince me much I rather say NonLagMA is just fine for me.
(*11th December 2015: I have analyzed it and found that NonLagMA could offer some of the functions of TrendLaser but just some. TrendLaser seems to have more sophisticate functions such as “now trade percentage” etc-etc.)
MA in Color_wAppliedPrice
On the other hand, I have also analyzed the following indicator, MA in Color wAppliedPrice.
It could be used like NonLagMA.
However, this indicator seems just a MA and lacks to have an internal filter. It could show the horizontal trend in yellow color. I did not like much since it changes its color from red-green-yellow so many times in range.
It could be better if it shows in yellow for range.
I may make a modification the indicator for myself. (However, I won’t be able to show the program due to the copyright problem). In any case, to see the trending by the angle of the indicator should not be easy modification…
Indicators to see the angle of the MA
Custom Indicator for MetaTrader4 to see the angle of MA
Well, yes but… I am not really sure if it is functional.
Indicators for MT4 to see the uptrend, downtrend and range
The second indicator, MAAngle, seems fine at first but it just shows green bars…?
Any of the indicators, MA_Angle_v2, MA_Angle_v4, are similar with MA_AngleZeroSigMA but I could not find the way to make them work… Maybe by the configuration they could work but…
In any case, I admit that the green bars could be useful so I may think of it for my EAs…
(Also, you can configure the greens bars by the internal parameter and also it could turn the angle numerically, yes, it sounds fine).
The indicator below MA_Angle, FlatTrend MACD, looks also promising; first of all it looks beautiful. lol
I have just checked it a little; my impression is that it could be helpful to see the trend direction.
The second from the bottom is the FlatTrend MACD indicator.
The bottom is the normal Volume indicator.
I have thought of the possibility to mix the NonLagMA with FlatTrend MACD. When they show the same trend direction, the level of Volume indicator shall be checked and go for opening a position. However, the result is that the vast of majority of cases the GO judges were false.
It would be necessary to see the tending of long time frame or by drawing the lines to see the support range. I will keep investigating the way to see if the market is trending and also its direction.
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