Thread: This is not a Holy Grail (Simple Method)
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Old 12-12-2006, 02:34 PM
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Quote:
Originally Posted by topchess View Post
I use Trending market to refer to strong movement in one direction (uptrending or downtrending) and to know how much market is trending, use your ADX. If the value of ADX line not (DI+, DI-) is lower than 20, this is a non-trending market. If the value is higher than 40, this is a strong trend occuring.

Non-trending market (sideways) also named rangebound. The price tends to move within thin channels for long periods of time without breaking either side.
Just what i wanted to hear!
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