Ranging Market Detector scans the market for momentum and price to check whether the price is range- bound and the direction to which it will breakout.
- It works with all the all assets and visually shows you the instances when the market is either ranging or trending.
- Informs when the price has finished a retracement, an opportune time to re-enter the trend early. This will help you in position management.
- It works very well for Scalping, Day trading, and Swing trading. Helpful in all timeframes
- Great tool for every trader.
Ranging Market Detector can now draw Edges of a ranging market . You can now trade the Ranging Market comfortably knowing where it is fenced. It has the Top and Bottom Ranges [continuous boxes] and End of Mini Ranging [dotted boxes].
Settings:
The Ranging Market Detector does not require special settings. All the values have been optimized by our team through a vigorous testing environment to suit all instruments. All you need is to install and load the Ranging Market Detector to your chart.
Manual:
We have taken time to avail the comprehensive but simple user manual with images: https://www.mql5.com/en/blogs/post/744109
