NexusFi: Find Your Edge


Home Menu

 





Chop Indicators


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one sukhsan with 9 posts (16 thanks)
    2. looks_two Blz17 with 8 posts (1 thanks)
    3. looks_3 sharky with 7 posts (1 thanks)
    4. looks_4 Gary with 3 posts (3 thanks)
      Best Posters
    1. looks_one zeller4 with 3 thanks per post
    2. looks_two sukhsan with 1.8 thanks per post
    3. looks_3 MXASJ with 1.3 thanks per post
    4. looks_4 Gary with 1 thanks per post
    1. trending_up 46,385 views
    2. thumb_up 39 thanks given
    3. group 25 followers
    1. forum 58 posts
    2. attach_file 17 attachments




 
Search this Thread

Chop Indicators

  #41 (permalink)
tortexal
Panama!
 
Posts: 44 since Jun 2009
Thanks Given: 1
Thanks Received: 24

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

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #42 (permalink)
 
quasar's Avatar
 quasar 
milan, italy
 
Experience: Master
Platform: Matlab, NT
Trading: Equities, commodities
Posts: 8 since Dec 2009
Thanks Given: 1
Thanks Received: 1

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!

Reply With Quote
  #43 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
Posts: 597 since Nov 2009
Thanks Given: 176
Thanks Received: 126


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

Reply With Quote
  #44 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
Thanks Received: 3,303


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

Follow me on Twitter Reply With Quote
Thanked by:
  #45 (permalink)
 
quasar's Avatar
 quasar 
milan, italy
 
Experience: Master
Platform: Matlab, NT
Trading: Equities, commodities
Posts: 8 since Dec 2009
Thanks Given: 1
Thanks Received: 1

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

q

Reply With Quote
  #46 (permalink)
 FBJS 
Toronto
 
Experience: Advanced
Platform: NinjaTrader
Posts: 109 since Sep 2009
Thanks Given: 30
Thanks Received: 193

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.

Reply With Quote
  #47 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
Posts: 1,731 since Jun 2009
Thanks Given: 517
Thanks Received: 4,224


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!
Reply With Quote
  #48 (permalink)
 sukhsan 
Ottawa, Canada
 
Experience: Beginner
Platform: Ninja
Broker: Mirus,Zen-Fire
Trading: Currencies
Posts: 120 since Jun 2009
Thanks Given: 109
Thanks Received: 79

check post 18 Wizard

Do not let a LOOSING TRADE determine to trade again UNLESS loosing trade is NOT DUE TO MISTAKE
Reply With Quote
  #49 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


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.

Attached Thumbnails
Click image for larger version

Name:	levels.png
Views:	505
Size:	27.3 KB
ID:	25445  
Reply With Quote
  #50 (permalink)
 
Gary's Avatar
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,072 since Jun 2009
Thanks Given: 502
Thanks Received: 2,239



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

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on February 11, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts