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Market Regime - Ranging or Trending

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This is a Trend Analysis oscillator which tracks the overall trend strength.

It shows clearly whether the market is in a consolidation range or is trending.

The oscillator is "directionless", i.e. intentionally doesn't show whether it's an uptrend or downtrend - just the strength on a 0-100 scale.

** Detection Methods **

Select between one of three detection methods:
  • Average Directional Movement Index (ADX)
  • Choppiness Index (Fractal)
  • Efficiency Ratio


The background colour is set according to the plot value:
  • When the market is ranging, the background doesn't change.
  • When the market is trending (up or down), the background begins to change, with the colour turning progressively more opaque the stronger the trend.


** How to Trade **

Use as additional confirmation on the signals provided by other indicators or strategies. When the other indicator has historically shown Buy or Sell levels/signals, note the market regime on that bar and how well the trade performed.
Sürüm Notları
Fixed the Choppiness Index plot.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.