Market Phase Index MT4
Indicator to determine the trend and flat market based on the amplitude of the price and the intersection of bars
Input parameters:
- Period - indicator period
How to interpret indicator values with standard input parameters?
- If the indicator values are higher than 0.4 - it is recommended to trade based on trend strategies (screenshot №1 and №2)
- If the indicator values are lower than 0.4 - it is recommended to trade on the basis of flat strategies (screenshot №3 and №4)
Recommendations from the author:
- This indicator can be most useful for advisers in identifying favorable or unfavorable trading conditions based on their strategies
- The values of this indicator are recommended to consider on higher timeframes. For example, the last few values on GBPUSD M15 are below the level of 0.4 (screenshot №1), by opening GBPUSD M1 we will see the flat market (screenshot №2). Similarly, we look at the last several indicator values on USDJPY D1 which are above the level of 0.4 (screenshot №3), opening the USDJPY H4 we will see the trend market (screenshot №4)
- On some symbols and timeframes, it is not necessary to indicate a high indicator period value - because of this, it may not respond to changes in a timely manner and, in general, its values will be smoother (screenshot №5)
Version for MT5 - https://www.mql5.com/en/market/product/37168
Open source code - https://www.mql5.com/ru/code/25600
联系方式
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电话:18391752892
手机:18391752892
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地址:西安市高新区软件园
邮件:3313198376@qq.com
QQ:3313198376
微信:18391752892
阿里旺旺:顺水的鱼waterfish
Skype:3313198376@qq.com
状态:离线 发送信件 在线交谈
姓名:顺水的鱼(先生)
职位:投机客
电话:18391752892
手机:18391752892
地区:默认地区
地址:西安市高新区软件园
邮件:3313198376@qq.com
QQ:3313198376
微信:18391752892
阿里旺旺:顺水的鱼waterfish
Skype:3313198376@qq.com