Trend and Range Indicator
RSI indicator is good
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here are some thoughts i have for a ea that im making
after alot of time i have found out that the reason why alot of ea's fail is they need to base the ea under 2 different rule bases
these conditions are either trending or ranging.
base 2 different sets of indications, 1 for trending and another for ranging
this is for short term, m5 or m1
what im wanting to find out is the best way to calculate trending or ranging so i can apply rules to each.
what im thinking is using ma's for trending
ranging i would use wpr and cci
whats your thoughts on something like this?
also is there a good way of detecting ranging or trending, i tried with adx but i cant seem to get a good indication from it.