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To determine if a currency pair is ranging or trending, there are several indicators I use apart from the Hurst Exponent:

1. Hurst Exponent – This helps assess long-term trends and mean reversion. A value close to 0.5 indicates a ranging market, while values above 0.5 suggest a trending market.
2. Linear Regression – I analyze the R-squared value (above 0.9) to gauge trend strength. If the R-squared is low, the market is more likely ranging.
3. Moving Averages – I use them to identify trends. When prices are above or below a moving average, it suggests a trend; if prices hover around it, the market is likely ranging.
4. Bollinger Bands – A tight range suggests consolidation, while expanding bands indicate trending volatility.
5. ZigZag Indicator – This helps spot the swing highs and lows, making it easier to differentiate between trends and ranges.

By combining these tools, I can more accurately determine the market's state.

To determine if a currency pair is trending or ranging, I use a combination of indicators and price action. While the Hurst Exponent is a great tool for measuring market behavior, I also rely on moving averages and Bollinger Bands. Moving averages help identify the overall direction of the trend, while Bollinger Bands show the volatility and potential for a range. Additionally, price action, like higher highs or lower lows, is a quick way to gauge whether a pair is trending or consolidating. I also check the R-Squared from linear regression to assess the strength of the trend.