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Yes, it's called the ADX, a directional movement indicator. When it's on the
rise, prices are trending, when it's dropping, prices are consolidating. A
downturn from above 40 means an end to current trend, a drop to below 20
means to be on the lookout for a significant move one way or another. Hope
this helps,
Sir Q
>From: gildone <no_reply@xxxxxxxxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: equismetastock@xxxxxxxxxxxxxxx
>Subject: [EquisMetaStock Group] Trading Range
>Date: Tue, 25 Mar 2003 14:35:55 -0000
>
>Does anyone have an indicator or analysis that identifies markets in
>a trading range (i.e. a sideways channel).
>Thanks
>
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