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[RT] TECH: CONSOLIDATION



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I have been a lurker for many years and have seen topics oscillate around 
the relevant but I have a specific question which requires your opinion.
 
What is the proper time duration to label a daily bar chart as in 
consolidation for the purposes of coding an indicator to identify when a 
breakout occurs?  Specifically do you look at price range, averages, 
stochastics, or some combination?  Do you look at something that I haven't 
mentioned.  I am purely a technical trader but I am always looking for 
better ideas.
 
bob






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