* If there are no WRB's...the market is flat and will continue as such until WRB's appear. * If there are WRB's and they quickly retrace each other...the market is choppy and will continue as such until WRB's stop retracing each other. WRB's is also known as Wide Range Bodies. No indicators needed...it can be done visually. Use ET search to find out more about WRB's (wide range bodies). http://www.elitetrader.com/vb/search.php?s= Mark (a.k.a. NihabaAshi) Japanese Candlestick term
They sell the idicator, but its formula is fully described in the book for those who want to do it themselves. I find this method one of the best chop indicators.