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Chop Indicators
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Chop Indicators

  #41 (permalink)
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BLZ, $TICK inside +/- 800, ie not hitting extremes, or even distribution of # of times it has hit extremes. And SPX failure to break previous days high or low


Last edited by tortexal; July 19th, 2009 at 09:36 PM.
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  #42 (permalink)
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chop indicators

it's is most definitely an interesting topic. i personally see the need for a good chop indicator if you are trading in a purely systematic manner. while it is easy to eyeball a chart and see chop, i am still trying to find a suitable chop indicator for a systematic strategy.

i have tried the kaufman efficiency ratio, the keltner SNR, vhf, and am tinkering with the damiani volatmeter. i tend to look at daily (not intraday) data....any thoughts?

have any of you tried teh damiani volatmeter? any ideas for good settings for daily charts?

ciao!

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  #43 (permalink)
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ADX is a very good chop identifier, < 20 means choppy and stay away.
ATR is good voliatity indicator which can also sometime tell you if it is range or trend

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  #44 (permalink)
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emini_Holy_Grail View Post
ADX is a very good chop identifier, < 20 means choppy and stay away.
ATR is good voliatity indicator which can also sometime tell you if it is range or trend


Perhaps this article will be helpful. Direction is the Key to Using ADX Correctly

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  #45 (permalink)
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Damiani Volatmeter

any thoughts on the Damiani Volatmeter? any ideas of useful settings for looking at daily charts?

q

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  #46 (permalink)
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I use volume as a basis to identify chop... when markets are trading slowly, it is more likely than not that you will be in chop. If trades are occurring quickly, it is more likely than not that you are seeing a trend. So when you see trading start to speed up, be prepared for trending movement.

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  #47 (permalink)
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sukhsan View Post
Max, Blz

you can see choppy area with ECO too

How do you get the white chop bars/hash marks at the bottom of your chart example? (Post # 7).

Thanks!

** NEVERMIND - I continued reading the thread & saw how you did it. Thanks for the chop method!

After all, it's what you learn AFTER you know it all, that counts!
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  #48 (permalink)
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check post 18 Wizard

Do not let a LOOSING TRADE determine to trade again UNLESS loosing trade is NOT DUE TO MISTAKE
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  #49 (permalink)
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FBJS View Post
I use volume as a basis to identify chop... when markets are trading slowly, it is more likely than not that you will be in chop. If trades are occurring quickly, it is more likely than not that you are seeing a trend. So when you see trading start to speed up, be prepared for trending movement.

very good, no vol no go. I know PA guys are going to say 'hogwash' but lets ignore that and go back to the volume, here is a proof without even looking at price you know when its going to chop.

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Chop Indicators-levels.png  
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  #50 (permalink)
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cory View Post
very good, no vol no go. I know PA guys are going to say 'hogwash' but lets ignore that and go back to the volume, here is a proof without even looking at price you know when its going to chop.

Cory/All,

'Hogwash'; only kidding... but....

Based on your previous post:

1. At what point, real time, do you know you are in chop based on volume?
2. Once you realize this, do you ignore all price action / everything else, and wait to trade?
3. At what point do you know you are no longer in chop and 'safe' to take another signal?
4. What time frame and instrument are you looking at in this screenshot?

Thanks,
Gary

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