CHOP
Pork ChopApproach for detecting price 'chop'.
It's quite simple; instead of trying to detect chop, just measure the weakness of a trend.
This is done by essentially taking two moving averages, measuring their relative difference and then take a moving average of this difference of 'n' periods (Lookback)
The result can be measured against a threshold 'floor' which determines the weakness of the trend and thus, chop.
I use portions from NGBaltic's work: www.tradingview.com so the responsiveness of the detection is slightly higher than bog standard EMAs.
Might be of some interest to bot developers, play with the settings!
Cheers
Action Section, Volatility Choppiness Indicator (by ChartArt)Here is a solution to find entry points to trade. This indicator highlights price sections with low choppiness, where both the ADX (Average Directional Index) indicator shows strong movement (up or down!) in the price and a customized Money Flow indicator (which uses only the change of the volume not the change of the price, hence a Volume Flow indicator), also shows volatility is present. Using higher filter values than the default setting of "30" reduces the noise, but also shows less 'action sections'. Vice versa using values lower than "30" increases the amount and duration of action sections which are shown.
The "action section" indicator does not show the direction if the price is going up or down. It shows if there is enough action worthy the time to trade (lower odds of a neutral sideways trend). Therefore in addition a Heikin-Ashi based price change indicator can optionally be plotted, which shows the actual direction of the price.
Action Section, High Volume Volatility & Low Price Choppiness Indicator
This indicator works only on charts which have volume data.
UCS_Ready Set Go2017 - First Code
This is a another way of looking at DMI indicator. Almost similar to any oscillator. You still need to understand the indicator and chart before you can trade with these.
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h chop filter v1.1
Chop Filter based on Chaikin's Volatility but faster with 0 lag.
Use it to filter out (in brown) when it is not worth trading as we are in chop zone.
hecate chop filterChop Filter to remove lateral trade under a threshold. Change the FilterOut parameter to filter all you want. Example of a model using it with a filtering of 0.003 (use to filter out to the level you prefer):
