Flat Market Index
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FREE FLAT MARKET INDEX INDICATOR FOR METATRADER

Identify trending and flat markets effortlessly

Stop guessing market conditions and start trading with clarity. This indicator provides an objective, real-time view of how directional—or stagnant—the market really is, helping you avoid false signals and fine-tune your strategy to suit the environment.

  • Detects trend vs. flat market conditions
  • Quantifies trend strength with a simple percentage scale
  • Color-coded for fast visual feedback: blue = trending, red = flat
  • Uses ATR-based logic to calculate movement strength
  • Ideal for strategy selection and instrument filtering
  • Non-repainting, fast-loading, and easy to interpret
  • Particularly useful when running Expert Advisors
  FAQ

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Description

The PZ Flat Market Index (FMI) is a volatility-sensitive indicator that evaluates how much of recent price movement is actually directional. It calculates the ratio between net price movement (from point A to B) and the total high-low range, turning that into a percentage. This gives a reliable and normalized view of market behavior.

  • A value of 0% means the market is completely flat
  • A value of 100% means the market is fully trending

Readings are shown through a color-coded dynamic line:

  • Blue when price action is healthy and directional
  • Red when price is stagnant or coiling

The flat market index (FMI) is visualized via a moving average line, giving you not only real-time signals but also historical insight into how market behavior has changed over time.

This indicator is ideal for:

  • Disabling EAs or scalping strategies during sideways conditions
  • Focusing on trending symbols when deploying trend-following systems
  • Applying mean-reversion logic only when the market confirms it's flat
  • Manual filtering of instrument lists before active trading sessions

Input Parameters

  • Max History Bars – Amount of bars to review when loading the chart
  • Lookback – Number of past bars to calculate current FMI value
  • Period – Moving average period for smoothing the index line
  • ATR Period – Period for the Average True Range, used to define movement
  • ATR Multiplier – Multiplies the ATR to calibrate what counts as a meaningful move

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Frequently Asked Questions

The FMI compares the net directional movement to the total price range over a given period. It shows you the percentage of efficient movement, helping you understand whether price is actually trending or just drifting.

When the line is red, the market is flat or ranging. When the line is blue, the market is showing healthy directional behavior. These visual cues help you instantly know whether to trade or wait.

Yes, and it’s highly recommended. The FMI is especially useful for filtering out trades during low-momentum phases, which can improve EA performance significantly.

Yes. It works with Forex, indices, stocks, crypto, and more. You may want to adjust the lookback and ATR period for higher timeframes or slower-moving instruments.

No. The indicator is non-repainting, providing reliable real-time and historical readings.