The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend. This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR. The ATR based filter is calculated by...
The indicator is based on making the standard deviation (where the mean is a moving average) a two-lines cross indicator, by applying an MA over it. When the standard deviation is above the MA, there is considered to be enough volatility in the market for trends to form. Blue background = There is ACTION in the market -- signals it should be safe to trade Gray...
This is an update that resolves rendering problems with XBTUSD.
The purpose of this script is to decipher chop zones from runs/movement/explosion. See description in the code. Added scaler to remove indicator rendering problems.
RSI in Laguerre Time with Embedded Fractal Energy Includes all features of the CHOP_LRSI indicator Added possibility to select 5x or 25x factor for HTF All advanced features deactivated by default Added LRSI crossover/crossunder alert conditions
Approach for detecting price 'chop'. It's quite simple; instead of trying to detect chop, just measure the weakness of a trend. This is done by essentially taking two moving averages, measuring their relative difference and then take a moving average of this difference of 'n' periods (Lookback) The result can be measured against a threshold 'floor' which...
Here is a solution to find entry points to trade. This indicator highlights price sections with low choppiness, where both the ADX (Average Directional Index) indicator shows strong movement (up or down!) in the price and a customized Money Flow indicator (which uses only the change of the volume not the change of the price, hence a Volume Flow indicator), also...
2017 - First Code This is a another way of looking at DMI indicator. Almost similar to any oscillator. You still need to understand the indicator and chart before you can trade with these. ---------------------------------------------------------------------------
Chop Filter based on Chaikin's Volatility but faster with 0 lag. Use it to filter out (in brown) when it is not worth trading as we are in chop zone.
Chop Filter to remove lateral trade under a threshold. Change the FilterOut parameter to filter all you want. Example of a model using it with a filtering of 0.003 (use to filter out to the level you prefer):