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This indicator calculates how much the symbol has moved in relative terms to find trending or flat markets. It
shows what percentage of the last price range is directional. [

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• A zero value means that the market is absolutely flat
• A value of 100 means that the market is fully trending
• The blue line means that the price range is healthy
• The red line means that the price range is narrow
• The moving average is a flat market index (FMI)

This has direct trade implications.

• Use trend strategies when the line is blue and above the IGF
• Use range trading strategies when the line is red and below the FMI
• Perform an IGF-based tool selection

This indicator is especially useful to avoid flat markets in your Expert Advisors.

• Max History Bars: the number of bars that you need to look into the past when loading.
• Looking back: the number of bars to study the flat market index.
• Period: The averaging period for calculating the index.
• ATR Period: The ATR period used in the indicator to calculate the unit of movement.
• ATR Multiplier: The ATR multiplier for calculating the unit of movement of the index.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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