What are good indicators to be used for trending stocks vs stocks moving sideways? What is the best way to tell if a stock is in a trend or not, other than by looking at the price action?
None needed, imo. Higher highs and higher lows = uptrend. Lower lows and lower highs = downtrend. I draw channels to judge the strength of a wave within the trend. For example if it overshoots the channel in an uptrend, then it is likely printing a buying climax and oversold. If it can't make it to the supply line (the upper line) of an uptrend channel, then it is loosing momentum and will likely need to consolidate. Note, markets are fractal. You can have a sideways trading range but within that range, in a shorter time frame, have up-trends and down-trends. (someone, pull the translator chip out of devebacker and reboot, he's got a bug)
