Is there a script or indicator that determines a sideways or trend? - futures io
futures io



Is there a script or indicator that determines a sideways or trend?


Discussion in EasyLanguage Programming

Updated
      Top Posters
    1. looks_one Shaban with 3 posts (2 thanks)
    2. looks_two MasterYan with 2 posts (0 thanks)
    3. looks_3 mesuteryilmaz with 1 posts (0 thanks)
    4. looks_4 April with 1 posts (0 thanks)
    1. trending_up 5,542 views
    2. thumb_up 8 thanks given
    3. group 7 followers
    1. forum 7 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Is there a script or indicator that determines a sideways or trend?

(login for full post details)
  #1 (permalink)
MasterYan
San Francisco, CA
 
 
Posts: 29 since Jul 2016
Thanks: 13 given, 4 received

Is there a script or indicator that determines a sideways, long or short trend now in the market?

Reply With Quote

Can you help answer these questions
from other members on futures io?
Big Mo Indicator for NT8
NinjaTrader
NT8 Order Management Strategy
The Elite Circle
Multi Time Frame High/Low/Median levels
NinjaTrader
help with take profit several targets
TradeStation
How do I create Strategy with the Second Entry indicator
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
123 thanks
ApexTraderFunding.com experience and review
11 thanks
Artificial Intelligence (AI) and Chat GPT
7 thanks
Dax market profile (FDAX, TPO)
7 thanks
Want your NinjaTrader indicator created, free?
7 thanks
 
(login for full post details)
  #2 (permalink)
 April 
Boston
 
 
Posts: 10 since Nov 2013

not unless you can define trend.

Reply With Quote
 
(login for full post details)
  #3 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received


An indicator which can help to identify side periods and also trends quite quickly is the Supertrend;
Here you can see (on page 9) a chart with the Supertrend and its formula:



Another indicator that can confirm the presence of a sideways phase (low volatility) or a trend (high volatility) is the ADX.

Adaptive moving averages can also help you understand when the Market is in a sideways phase (when they are horizontal) or in a trend (when they are tilted).

Reply With Quote
 
(login for full post details)
  #4 (permalink)
MasterYan
San Francisco, CA
 
 
Posts: 29 since Jul 2016
Thanks: 13 given, 4 received


Shaban View Post
An indicator which can help to identify side periods and also trends quite quickly is the Supertrend;
Here you can see (on page 9) a chart with the Supertrend and its formula:



Another indicator that can confirm the presence of a sideways phase (low volatility) or a trend (high volatility) is the ADX.

Adaptive moving averages can also help you understand when the Market is in a sideways phase (when they are horizontal) or in a trend (when they are tilted).

What do you think about ADX?

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received

ADX is an interesting indicator to measure the strength of a trend or side phases and it is easy to insert it in a Trading System code, example: and ADX (14)>30 then... (or: and ADX (14)<30 then...);
it is also worth trying to invert the values, as suggested in this T.S. (the explanation is in Italian but it can be easily translated into English by selecting the language):

https://tradingsystemreports.blogspot.com/2012/11/oltre-il-trend-following-un-trading.html

Here is a video of one of the teachers of the Unger Academy in which he demonstrates with a code in easylanguage, that using the ADX in a different way from the classic Welles Wilder, you get better results (maybe with Google you can find the video in English):

https://ungeracademy.com/it/blog/adx-and-trading-systems-or-come-funziona-l-indicatore-adx-or-parte-2-2

Reply With Quote
The following user says Thank You to Shaban for this post:
 
(login for full post details)
  #6 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 7,676 since Jan 2013
Thanks: 55,181 given, 25,259 received


MasterYan View Post
Is there a script or indicator that determines a sideways, long or short trend now in the market?

I have to say that, if you have this and if it is reliable, you will soon become a very, very wealthy trader. This is something that would answer all trading questions, basically.

There are some indicators or other tools that attempt to do this, and perhaps they can be put to use in assessing the status of the market to some degree. But is there something nice and simple that you can download, that will reliably give a straightforward verdict that you can count on? Alas, probably not.

I don't think you should be expecting an indicator to solve this question. It would be great if it did, certainly. But everyone is working on trying to answer the questions of what is the present character of the market (what is it doing?) and what will be the next profitable trade (what should I do?). This is really the whole issue in trading. One version of these questions is the one you ask. An indicator is not going to just hand you the solution. Trading is just not that simple.

Sorry. And believe me, I really am. I would love to have it, too.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
The following 6 users say Thank You to bobwest for this post:
 
(login for full post details)
  #7 (permalink)
 mesuteryilmaz 
istanbul turkey
 
Experience: None
Platform: meta
Trading: eur
 
Posts: 6 since Oct 2012
Thanks: 9 given, 1 received


bobwest View Post
I have to say that, if you have this and if it is reliable, you will soon become a very, very wealthy trader. This is something that would answer all trading questions, basically.

There are some indicators or other tools that attempt to do this, and perhaps they can be put to use in assessing the status of the market to some degree. But is there something nice and simple that you can download, that will reliably give a straightforward verdict that you can count on? Alas, probably not.

I don't think you should be expecting an indicator to solve this question. It would be great if it did, certainly. But everyone is working on trying to answer the questions of what is the present character of the market (what is it doing?) and what will be the next profitable trade (what should I do?). This is really the whole issue in trading. One version of these questions is the one you ask. An indicator is not going to just hand you the solution. Trading is just not that simple.

Sorry. And believe me, I really am. I would love to have it, too.

Bob.

and Bob rests his case.
👍👌🙃

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received

If it helps you, you could try the function: ChoppyMarketIndex, made by George Pruitt in his book:
Building Winning Trading System with Tradestation -2a ed, which was reported here:


Reply With Quote
The following user says Thank You to Shaban for this post:


futures io Trading Community Platforms and Indicators EasyLanguage Programming > Is there a script or indicator that determines a sideways or trend?


Last Updated on November 20, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts