PROTECTED SOURCE SCRIPT
已更新 Anticipated Market Type

Displays the anticipated market type based on the last 300 bars of data:
This tool does not give you entries and exits, but assists in deciding to use a Trend-following or Mean-reverting strategy.
This algorithm tells you when it breaks down by indicating a Neutral/Random market.
In short, it can't say the market type and advises you to not trade or simply use another tool in the meantime.
I personally use this tool to configure my trading robots on a weekly basis. I combine manual TA and stats algos to
try and determine what type of market the next week holds, with a fair bit of success.
The algorithms incorporated are Market Meanness Index (which I've made Open Source) and Fractal Dimension, a significantly faster algo than the MMI, but using a different set of maths.
Cheers!
- Trending Market: High probability that the next bar will be in the same direction as previous. Best conditions for a trend trading strategy
- Neutral Market: High probability that price is random - the next bar direction is a coin toss. Many "typical" indicators fail in a random market
- Sideways Market: High probability that price is autoregressive and the next bar direction is opposite the previous - compressed markets often have sudden fast breakouts
This tool does not give you entries and exits, but assists in deciding to use a Trend-following or Mean-reverting strategy.
- Blue (3.5-6) indicates a trending market.
- Yellow (0-2.5) indicates a sideways market.
- Green (2.5-3.5) indicates a random market
This algorithm tells you when it breaks down by indicating a Neutral/Random market.
In short, it can't say the market type and advises you to not trade or simply use another tool in the meantime.
I personally use this tool to configure my trading robots on a weekly basis. I combine manual TA and stats algos to
try and determine what type of market the next week holds, with a fair bit of success.
The algorithms incorporated are Market Meanness Index (which I've made Open Source) and Fractal Dimension, a significantly faster algo than the MMI, but using a different set of maths.
Cheers!
發行說明
- Edit the size of labels
- Edit the bar shift of labels
- Reduced shape objects size from "Small" to "Tiny"
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此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。