Flat Market Indicator for MetaTrader 5 Download – [TradingFinder]

The Flat Market Indicator is a useful tool for traders who seek to identify market trends after the price exits ranging zones.

This indicator is designed for the MetaTrader 5 platform and determines ranging zones using two oscillator lines. When the histogram moves between these lines, it indicates a ranging market.

If the histogram exits this zone, it signals the beginning of a new trend. Traders can use this indicator along with technical analysis to identify buy or sell opportunities when the histogram breaks out of the ranging area.

Flat Market Indicator Table

The following section contains information about the Flat Market Indicator:

Flat Market Indicator at a Glance

The Flat Market Indicator is a practical oscillator for identifying ranging and trending zones in the market.

Forex traders can wait for the histogram to move between the two oscillator lines and, upon its breakout, use trading strategies to identify buy or sell opportunities.

Indicator in Uptrend

On the 30-minute EURUSD chart, after a ranging phase, the price entered an upward trend.

By applying the Flat Market Indicator, traders can identify the ranging zones, and once the histogram breaks above the upper oscillator band, they may enter a long (buy) trade.

Indicator in Downtrend

On the 30-minute Gold chart, when applying the Flat Market Indicator, the ranging zones appear as a histogram on the chart.

When the histogram moves between the two oscillator lines, the market is in a range. If the histogram breaks below the lower oscillator band, it signals the start of a bearish trend, which can be used as a sell entry signal.

Flat Market Indicator Settings

The following section contains the settings of the Flat Market Indicator:

• Calculate On Bar Close: Default is set to candle Close. If set to False, calculations will be based on Median Price (average of High and Low);
• Fast EMA: Defines the calculation period of the fast/short-term moving average;
• Slow EMA: Defines the calculation period of the slow/long-term moving average;
• Av Period: Defines the averaging period for the range high/low line. Increasing this will include more candles in calculations, resulting in smoother lines;
• Gamma: Defines the distance between the blue and purple lines. A larger value widens the range zone, while a smaller value generates quicker breakout signals;
• ALERT: Enable/disable alerts when the histogram exits the range;
• EMAIL: Enable/disable email alerts when the histogram exits the range;
• NOTIFICATION: Enable/disable push notifications to mobile when the histogram exits the range;
• MESSAGE_TIMEOUT: Defines the time interval between alerts;
• MESSAGE_SUBJECT: Defines the subject or custom title for alerts.

Conclusion

The Flat Market Indicator allows traders to identify ranging zones to avoid entering trades during these periods.

Once a trend begins, it issues alerts, helping traders stay informed about new trading opportunities in the market.