OPEN-SOURCE SCRIPT
SFX Trend or Range
A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators.
Aqua = ATR
Orange = StdDev
Red = Smoothed Moving Average of the StdDev
Usage:
Any pair, any time frame. Best used on majors and M15 period or higher
Aqua = ATR
Orange = StdDev
Red = Smoothed Moving Average of the StdDev
Usage:
Any pair, any time frame. Best used on majors and M15 period or higher
- Orange breaks above Red when below Aqua = Trend building
- Orange breaks below Red when above Aqua = Trend exhausting
- Orange below Red when below Aqua = Ranging/Sideways market
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