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Range Market Detection
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Range Market Detection

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Futures Experience: Intermediate
 
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Range Market Detection

I have been thinking lately a lot about how to stay out of a range market within a strategy, and I need some advice and guidance on how to proceed. I realize I can use range/renko bars to "filter out" some of the range trading; however, I have noticed that even renko/range can chop within small amounts while generating new bars and really going nowhere... I have the same issue, being able to recognize when I am in a choppy market, in my discretionary trading (which eats into any profits that I had made from prior trades or eats away at my capital until it meets my risk for the day and sits me out for the rest of the day and then I miss the better opportunities)... I would be curious to know how some of the discretionary and algo traders here handle market chop.. the platform in use does not matter, nor does the market, as I would assume the ceoncept can be adapted to any market... I am more interested on the concept and on what indicators, if any, you might use to aid you on detecting chop... I have read quite a lot of threads within the forum, and some touch on the subject but not with enough insight.. hence my question... thoughts?

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  #3 (permalink)
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Futures Experience: Advanced
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Hi there sysot1t,

i think you should install the ADXVMA_Sharky Paint and use the neutral line as neutral market indicator.

Most of the time it works well...

if the speed of the tape goes down, you can assume it will be choppy so also stay out!

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