PROTECTED SOURCE SCRIPT
Atualizado Anticipated Market Type
Displays the anticipated market type based on the last 300 bars of data:
This tool does not give you entries and exits, but assists in deciding to use a Trend-following or Mean-reverting strategy.
This algorithm tells you when it breaks down by indicating a Neutral/Random market.
In short, it can't say the market type and advises you to not trade or simply use another tool in the meantime.
I personally use this tool to configure my trading robots on a weekly basis. I combine manual TA and stats algos to
try and determine what type of market the next week holds, with a fair bit of success.
The algorithms incorporated are Market Meanness Index (which I've made Open Source) and Fractal Dimension, a significantly faster algo than the MMI, but using a different set of maths.
Cheers!
- Trending Market: High probability that the next bar will be in the same direction as previous. Best conditions for a trend trading strategy
- Neutral Market: High probability that price is random - the next bar direction is a coin toss. Many "typical" indicators fail in a random market
- Sideways Market: High probability that price is autoregressive and the next bar direction is opposite the previous - compressed markets often have sudden fast breakouts
This tool does not give you entries and exits, but assists in deciding to use a Trend-following or Mean-reverting strategy.
- Blue (3.5-6) indicates a trending market.
- Yellow (0-2.5) indicates a sideways market.
- Green (2.5-3.5) indicates a random market
This algorithm tells you when it breaks down by indicating a Neutral/Random market.
In short, it can't say the market type and advises you to not trade or simply use another tool in the meantime.
I personally use this tool to configure my trading robots on a weekly basis. I combine manual TA and stats algos to
try and determine what type of market the next week holds, with a fair bit of success.
The algorithms incorporated are Market Meanness Index (which I've made Open Source) and Fractal Dimension, a significantly faster algo than the MMI, but using a different set of maths.
Cheers!
Notas de Lançamento
- Edit the size of labels
- Edit the bar shift of labels
- Reduced shape objects size from "Small" to "Tiny"
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.