How do you guys see if it is range bound or trending market?
By checking the weekly and daily charts. In formula-based technical analysis, there one indicator I know is called ADX but I do not use any of the my analysis. Neither do I use any of the other mathematical formula based indicators such as MA(E,S, etc), Stoch, MACD, OBV, etc.
The rationale behind going with the trend is that the main trend(which is seen on longer time-frame chart such as weekly, monthly, etc), whether uptrend or downtrend, will continue for longer than we think. Main trend reversals are rare events. Only retracements (reactions) are common. So as long as you are with the main trend, you can worry lesser if you get caught in a retracement. If you still want to make it better, that will call for a whole entry/exit timing funda.