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choppiness indicators


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choppiness indicators

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  #1 (permalink)
 mcteague 
New York NY USA
 
Experience: Beginner
Platform: esignal, ninjatrader,
Trading: Stocks
 
Posts: 114 since Oct 2012
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Does anyone know the basic idea and or formulas behind choppiness indicators. I know that esignal has an indicator like this and I have heard of others. My understanding is that the purpose is to identify when trend indentification may be unreliable. But I have never really seen it.
I don't see an indicator like this for ninja.
If it has value and is not insanely complicated I might look at it.
But I really could use some information on what choppiness indicators are and how they work.
Thanks

btw. it has been suggested to me that you could define choppy as a high percentage of both head and tail long wick candles.

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  #3 (permalink)
 Daytrader999 
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 Big Mike 
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  #5 (permalink)
 mcteague 
New York NY USA
 
Experience: Beginner
Platform: esignal, ninjatrader,
Trading: Stocks
 
Posts: 114 since Oct 2012
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Thanks for replies.
I need to get better at using search feature

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Last Updated on January 5, 2013


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