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Sorry about that. I meant to write ThatManFromTexas but I wrote Fat Tails, sorry.
That Man From Texas is there anyway to obtain a template of the chart you have.
You're just worried I'll learn enough from studying all your code to take over the color indicator, draw arrows," sound of cat getting run over by a lawn mower" audio alert market that strives on futures.io (formerly BMT)...
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Here is an article that should be of interest to the readers of this thread.
In this study, both concepts of "trending" and "choppy" days are used respectively representing 25% and 30% of the days. So, a third category exists for non-trending and non-choppy days.
I love how the resulting filter turns off some strategies and help avoid "bad" trades.
I tried to reverse engineer the indicator basing the calculation only on the open and close:
- if Close/Open < 0.3% then Choppy
- if Close/Open > 1% then Trending
The Excel chart looks similar, but not the same.
I did not try to apply this on my strategies yet.
