Hi everyone,

I would like to know what indicators/formulas/codes are best suited to distinguish 'Range-Bound Market' from a 'Trending market ' .[for index on EOD]

I am trying to generate a system using moving-average crossovers but the problem with it is that it is good only for trending markets and gains are suffered due to whipsaw in ranging/range-bound market.

So i am looking for a indicator which helps me avoid trade in range-bound market.

(one of my example of RANGE-BOUND MARKET --> If market/security Trades in almost a range for more than 7 trading days)(the size [High - Low]of the range may be different at different time-interval, also the time-interval in terms of number of days may also vary).

I don't know my question comes under 'Basic Coding Techniques' or 'Advanced Coding Techniques'

I request everybody to share your judgement regarding your best trusted codes/formula /indicators for distinguishing.

Thanks in Advance