Login / Register
Add a review
Log in
Sign UP
[bws_google_captcha]
PZ Flat Market Index MT5

0.00

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. [

The manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]

  • 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.

Input parameters

  • 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.

author

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

[spoiler title=”Read More…”]

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. [

The manual
Installation Instructions | Manual
Update Instructions / Troubleshooting
Troubleshooting | FAQ
| All
products ]

  • 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.
  • 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.

[/spoiler]

Add review
Reviews ( 0 ):