ADX (Average Directional Index) and similar tools show a little value (ADX Strategy Review ). Any other preferred methods to measure strength of a trend?
Bollinger bands might work as well. Once they bands are narrow you know you reached a ranging period. Wait for the breakout in the direction of the main trend.
OxfordStrat - The inference behind your question is that you have a large number of charts to compare in order to select targets for trades. If I'm right, are you happy such a large range is really optimum?
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.