Any technical Indicator to find whether trend is sideways?
- Thread starter prabuinet
- Start date
Yes, even I've managed to acquire it thru my 'insider contacts'. He's told me to keep my mouth shut about this indicator. And I spent a hefty amount for his 'chai/pani'. But it's really amazing - I don't believe my eyes and everyday, I'm getting bored pulling out soo much of money that it's just aamazing and it's as easy as 1-2-3 !! When the market is sideways, there's no signal.[See the black Up & Down arrows]. When a new mega trend is about to start, there is BooOOooM !!
Shhhh, don't leak this screenshot anywhere else. Please keep it to yourself.
Shhhh, don't leak this screenshot anywhere else. Please keep it to yourself.
well friend i am also looking for that indicator that will tell you where is a sideway market or whereis a trading market well here is my observation so far. every indicator has there strength and weakness. if you go for those indicator which avoid whipsaw then lots of time you will find it that you almost mise the hole raily itself or you missed the big part of it if you go for leading indicator than you will get whipsaw, so my point in here is the price move s indicator not indicator move price and lots of people think that indicator move price so that s we are searching for holly grail except to polish over t a ability and end up having losses and than we desied that earnig money in stock market is imposibel because we can do that, so my point here is why looking for holly grail or a indicator that will give us solid entry and exit, if we polish ove ta ability than we can not only know with over exp that when to enter and when to exit but also we learn how to make money with simple indicator,hope you all how visited this thread will get my point.:thumb:
My 2 cents..
Indicators don't make money for trader, but it is the system that is developed by trader.
(indicator may or maynot be part of system).
Ofcourse, indicator seller makes money by selling it to people who look for holy grail of trading success.
If one has set of rules to identify uptrend (set A), and how to identify downtrend (set B), then identifying sideway market is as simple as
In my trading life so far, I have not across any other trend situation beyond the 3 conditions.
Will be happy to learn from others if they can logically comment on about if condition.
Happy Trading.
Indicators don't make money for trader, but it is the system that is developed by trader.
(indicator may or maynot be part of system).
Ofcourse, indicator seller makes money by selling it to people who look for holy grail of trading success.
If one has set of rules to identify uptrend (set A), and how to identify downtrend (set B), then identifying sideway market is as simple as
Code:
If Rule Set A is true, then
it is uptrend
else if rule set B is true, then
it is downtrend
else
it is sideway
end if
end ifWill be happy to learn from others if they can logically comment on about if condition.
Happy Trading.
One such old post of mine,that may help new entrants.
http://www.traderji.com/technical-analysis/23864-indicators-oscillators-7.html#post212896
http://www.traderji.com/technical-analysis/23864-indicators-oscillators-7.html#post212896
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