Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
There is no perfect way to do this (just as there is no perfect way to determine entries or exits), but notice that in strong trends the price tends to stay away from the moving average for many bars.
So you could come up with an objective criteria: if the price is away from MA for an X number of bars, consider the market trending.
Happy Trading!
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
What do you guys use to detect and stay out of chop? I've tried RSqueeze but it misses many moves coming out of chop or detects them too late. I've tried EOT's chopometer which seems pretty good, but I'm not subscribing to their stuff …
