View Full Version : How to confirm a trending or ranging market?
Can anyone help me how to confirm a trending or ranging market? What rae the indicators to use for this purpose?
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No indicators can substitute years of screen time you need in front of your trading terminal.
Both trending and sideways market can be determined visually. A stock or indice making higher high and higher low is said to be in an uptrend. A stock or an indice making a lower high and a lower low is said to be in a downtrend.
U can predict trending or ranging market using combination of following indicators along with few trend lines, support resistance lines on your chart....
For momentum-> moving average crossover, ADX, TRIX
For Range squeeze/expansion-> Bollinger Bands, Donchian channel
For convergence divergence->MACD
For overbought/oversold-> RSI, Williams %R or Stochastic
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