Euro / U.S. DollarEducation
[New Filter Indicator] Market Meanness
This indicator is used to filter out the "poor fit" trades in your strategy.
If you have a trend following or mean reverting strategy, you'll definitely want a filter indicator that tells you what the market state is!
Easy to interpret:
I'm already using this indicator with a Trend following strategy on Forex pairs to avoid potentially bad trades.
So far, so good.
Link to the open-source indicator:
If you have a trend following or mean reverting strategy, you'll definitely want a filter indicator that tells you what the market state is!
Easy to interpret:
- Yellow is Sideways (or reverting)
- Blue is trending
- Solid colors are more confident than faded colors
I'm already using this indicator with a Trend following strategy on Forex pairs to avoid potentially bad trades.
So far, so good.
Link to the open-source indicator:
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.