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HOW SHOULD i KNOW?


4xmeter

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"You can take whatever indicator you want and be successful

Only thing you have to know is when a range is starting/ending

In one of the examples the indi is showing a downsignal and a major downmove happened afterwards

Great, but it looks like the market was ranging before that signal....how should I know that that was the end of the range?"

 

In my humble opinion, when Price breaks by closing below or above the support or resistance of the range and it is confirmed by a good quality filter indicator.

S/R = Lowest low and Highest high of the range respectively.

If the break is tested and price exceed previous low or high within the range I would exit. If there is none (retrace) at the time of the break; i would wait for the filter to confirm the change.

Edited by 4xmeter
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