Hey there, are there any good indicator that will let you know if the market is consolidating?
Thanks
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…