Slightly Different - Detect Chop -

Obviously everybody has their own trading style, and there are a lot of indicators already. We are always on the lookout for that elusive chop filter to give us an edge. At least until we learn to read price alone and have our mental state in the zone all the time.

What I am thinking on is more sort of hybrid indicator/strategy but still in the indicator format: also totally admit I was influenced by Ultimat Oscillator, and want to go beyond that.

What I have in mind is use of all three modes in TSSuperTrend v2.3 (TSST) [it does seem to be stable in NT7b20 from my own use] and use Point and Figure (PnF) bars as input. Have the new indicator call the three mode variants of TSST and look at the bars of PnF and return a value that would (eventually) be used in input of a strategy or color the backround, etc.

So here is the values I feel would be useful to start (as per attached):
Period: 3
Multiplier 2.618
MAType TEMA
Smoothing 13
Modes: all three Dual Thrust, ATR, Adaptive
COBC=false

when UpTrend from each mode is drawn on chart indie would returns +1
when DownTrend from each mode is drawn on chart indie would returns -1
UpBar in progress on PnF returns +1
DnBar in progress on PnF returns -1

To own personal taste, when indie gives +4 or -4 we are in a trading zone. How to send that into a strategy == open to suggestions.

I am not looking for a lot of bells and whistles, just something basic so I can test this out and share results. Code help is definitely requested, badly needed, and greatly appreciated!!!

Jon