Hey there, are there any good indicator that will let you know if the market is consolidating?
Thanks
I usually just back out of my current timeframe to a higher one, or really just look at the chart. But tradingview has a bunch of stuff that interest you.
Its not a condition I look for but perhaps you ned to find a not-trending chart, rather than a consolidating chart?
I think price action alone can tell you if it’s consolidating.
It’s often the calm before/after the storm—the loss of momentum before/after a swing.
Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges.
Bollinger bands, std dev channels…
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