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EMA of ATR
I want to identify whether the market is currently in a sideway or trending condition. To achieve this, I use the ATR (Average True Range) as an indicator. However, ATR alone does not clearly define the market condition.
To improve accuracy, I calculate an EMA (Exponential Moving Average) of ATR as a reference.
If ATR is above the EMA → The market is in a trend.
If ATR is below the EMA → The market is in a sideway phase.
This is my definition of market conditions.
To improve accuracy, I calculate an EMA (Exponential Moving Average) of ATR as a reference.
If ATR is above the EMA → The market is in a trend.
If ATR is below the EMA → The market is in a sideway phase.
This is my definition of market conditions.
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