Yes, as per my research, daily variation helps to find trending pairs,chris006 wrote: Mon Apr 17, 2023 7:35 am Should we pay attention in this daily variation?
Or should we be more interested in the symbol that has the highest ADR/spread factor?
(The highest the factor, the 'cheaper' the symbol is to trade)
rather than having a pair with higher ADR but ranging. The rule of thumb is to trade trending pairs and avoid ranging pairs at all costs.
I suggest using this indicator, CMSMIndV24.01, to find trending pairs as addition to daily percentage change.