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Hi everyone, been enjoying all the incredible information available on this site and spent a while searching for any answers I need. Found them all! Except this:
Is there any indicator that anyone knows of that can just keep me out of a chop? I love trading the CL, and I find it to be very trending for my style of trading (10-15 tics). Still, there are moments in the day that I can give back all my profits because it starts chopping up.
Now I know with experience this becomes easier to spot, but I guess what I'm thinking of is a non lagging ADX. Something that can tell me very fast that we are most likely STARTING A TREND, or.. trending.. or, for me most important: starting to not trend in any direction.
Any advice, or pointing me in the direction would be incredibly appreciated.
Thanks all, happy trading!
-Dan
Can you help answer these questions from other members on NexusFi?
Maybe throw a TSI on your chart, or other ergodic. When TSI oscillating between 20 lines, that's chop, when it's oscillating in the upper range, that's an uptrend, when its oscillating in the lower range, that's a down trend. But yeah, it's not really going to tell you anything you can't see by just looking at the chart.
Put a 20EMA, 50EMA, 200EMA moving averages on your chart. Whenever any of these averages start intertwining with each other, and 2 or 3 successive candles are touching any of these averages you are already or are probably heading into chop.
@TMFT - What indicator are you using to color the bars? I tried both your EmaMulti21ByThatManFromTexas and EmaMulti21A (which offers a selectable bar coloring option), but neither indicator colors the bars. Thanks.
So true! A good range can be extremely rewarding! And at times it's rather easy to trade as stop and target placemend in a range are really trading 101.
dont believe anything you hear and only half of what you see 
