Does anyone know the basic idea and or formulas behind choppiness indicators. I know that esignal has an indicator like this and I have heard of others. My understanding is that the purpose is to identify when trend indentification may be unreliable. But I have never really seen it.
I don't see an indicator like this for ninja.
If it has value and is not insanely complicated I might look at it.
But I really could use some information on what choppiness indicators are and how they work.
Thanks

btw. it has been suggested to me that you could define choppy as a high percentage of both head and tail long wick candles.

There are several threads on nexusfi.com (formerly BMT) relating to this topic...perhaps you may check out this thread first:

the "Avoid Chop" Indicator? lov2rev The World according to ThatManFromTexas .... 1. You can not predict chop. 2. You will know you are in chop after you have a couple of losing trades. 3. When you realize you are in chop ... stop . 4. You will know you are out of …

Search for "chop":

Detecting chop What do you guys use to detect and stay out of chop? I've tried RSqueeze but it misses many moves coming out of chop or detects them too late. I've tried EOT's chopometer which seems pretty good, but I'm not subscribing to their stuff …

How to recognize chop zones Seems like many indicators work reasonably well when prices are trending, not so well when prices are choppy or range bound. What's the best indicator to determine when an instrument is trending?

How can you tell if it will be a trending or choppy day? Undoubtedly one of the most ludicrous, recurring themes on this forum. It bears testament to the obsessive preoccupation with useless indicators and indicators in general. What's next, an indicator to tell you when your ass itches? Try using common …

Chop Indicators I know this topic has been touched on within various threads but I thought I'd give it it's own spot. Was just curious what people use to identify range bound chop markets? I've grown accustomed to using TICK, delta and s/r levels on the …

Mike

Thanks for replies.
I need to get better at using search feature