Disliked4x,
Thank you for that. reading your comment was a bit of an AHA! moment for me... I know IKH is great trend indicator, but I have been unclear how to handle in in ranging or sideways markets....Ignored
I am not aware of any concrete way to pick the beginning of a trend however it is normally a solid move that closes on the 1hr and preferably the 4hr chart - candle starting inside resistance/support zone and closing comfortably outside R/S zone.
A good example is the current candle on USDCAD 4hr chart. If it closes this far below the previous swing low support region from 0.9975-0.9990 (includes weekly pivot S1) then we should see further extension of this move and therefore a solid break of the trading range.
It is just a matter of drawing some horizontal lines on your chart for the period in which is has been trading sideways and you can quickly start to see where the highs and lows of the range are.
Good luck,
4x.