I've researched lots of methods (maybe 50) to assign a market type as either trending or choppy. And nothing has panned out...
My wants:
My wants:
- Works on indexes (SPX, R2K).
- Works in 15 min - 1 hour timeframes.
- Gives a binary indication choppy or trending.
- Results in indicating that 30%-70% of a month is choppy or trending.
- Makes less than 20 indication changes per month.
- Has contiguous indications of choppy vs. trending.
- Not too laggy.
