Looking for ideas to predict future trend days vs range days

[hockeycoachdoug]

I have been playing with a paid indicator that seems to be right 4 out of 5 days more or less (TopTradeTools BETT indicator- similar to Camarilla pivots). It works best when used on trend days obviously, so I want to find an indicator that is good for predicting when a trend day might occur. I was thinking something along the lines of an indicator that puts an arrow on the smallest average daily range or average true range bar of the last 5 days. This assumes a smaller range is building energy to release on a trend day the next day. I would then want to scan for the arrow showing today was the smallest range in the last 5 days, thus a potential trend day tomorrow.

Any other ideas, inputs are greatly appreciated. This strategy seems sound, but works best with trend days. Thanks in advance.

 

[MerryDay]

I have been playing with a paid indicator that seems to be right 4 out of 5 days more or less (TopTradeTools BETT indicator- similar to Camarilla pivots). It works best when used on trend days obviously, so I want to find an indicator that is good for predicting when a trend day might occur. I was thinking something along the lines of an indicator that puts an arrow on the smallest average daily range or average true range bar of the last 5 days. This assumes a smaller range is building energy to release on a trend day the next day. I would then want to scan for the arrow showing today was the smallest range in the last 5 days, thus a potential trend day tomorrow.

Any other ideas, inputs are greatly appreciated. This strategy seems sound, but works best with trend days. Thanks in advance.

No, traders have not found a definitive way to predict trend before the trend forms.
Candle patterns, volume and market internals, will provide clues. As does reviewing aggregations above and below the aggregation that you are trading on.

Many believe when a stock is currently ranging, in chop, consolidating, that it will soon pop.
They use various consolidation / squeeze -type studies:
https://usethinkscript.com/threads/...contraction-congestion-for-thinkorswim.11512/