SFX Trend or Range

11 Tem 2015

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

• 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