Hi everyone. Still new (first 2 months) into forex. I'd like to know if there is any indicator that can be used to let us know when we have entered into a ranging period (sideways movement, choppy market, you name it! Basically the opposite of Trend)
I have a set of indicators and parameters that work well enough when the price is in trends but obviously not that good when we enter a ranging period. Is there some indicator or combination of indicators that can help me determine when a ranging period starts and when it ends so that I don't open orders during that period but wait instead for the next uptrend or downtrend?
Thanks in advance! Have a nice day everyone and stay safe!
I have a set of indicators and parameters that work well enough when the price is in trends but obviously not that good when we enter a ranging period. Is there some indicator or combination of indicators that can help me determine when a ranging period starts and when it ends so that I don't open orders during that period but wait instead for the next uptrend or downtrend?
Thanks in advance! Have a nice day everyone and stay safe!