Up, Down, Sideways Indicator

forexprofittrader · June 20, 2018, 11:48pm

Good evening,

I am looking for an indicator to tell me whether the market is moving up, down or sideways.

Can someone help me?

Thanks!

ria_rose · June 21, 2018, 2:04am

I’m not sure if I understand the question correctly but, I think a chart indicator you could use is the Bollinger Band! There’s the Bollinger Bounce strategy for ranging (sideways) market and the Bollinger Squeeze to supposedly help you see potential breakouts and their direction.

But, I think you’d better understand it if you read it directly from the school. Haha.

krugman25 · June 21, 2018, 4:07am

You could use the zig zag indicator and set it to 2-4% and then see what the swings are doing. That would be a more “price action” oriented approach.

forexprofittrader · June 21, 2018, 5:28am

Thanks folks. I hoped to find something more easy. This is because I only trade my reversal strategy when in an up or down trend. You shouldn’t trade this in a sideways movement.

Would be good to find an indicator that tells you when you are in a sideways movement.