Early indications of choppy market?

As a breakout, trend-following day trader I most want to avoid choppy market which is only interested in stop hunting. Do we have any early indication to know that? I am trying volume based indicators to figure that out......

 

Technique for choppy markets using 10 min bars.

# White line on the bars represents 50% level for every bar.
# When price crosses 50% line OF PREVIOUS BAR I buy or sell depending on direction.



Try it with different time frames, and you may notice that
price crosses the 50% level all day long in choppy markets.

To your trading success.

 

That's a good question but I am afraid there aren't any indicators that will tell you a choppy market beforehand. Only what you can already identify by just looking at the chart. You don't need any indicators to tell you that.

Only experience and market intuition may tell you at times.

 

DirectionalDayFilter:-

http://www.clayburg.com/ddf_home.htm

Though today would have been a good day to fade it, with equity futs down a decent amount already coming into RTH open.

 

choppy market - a nightmare for the day traders.

I just use my naked eyes to check for a choppy market.

It is impossible to earn $$$ from a choppy market.

Stay away from it.
Or sit on your hands.


__________________

 

I disagree. That depends on what type of trader you are.

 

Markets are sideways 70% of the time. Sometimes narrow TRs sometimes broad TRs. Money can be made in either with the right techniques. 10% of time markets are in a fairly strong BO.

By not trading sideways action day traders are missing a lot of trading opportunities.

 

A good example of a choppy (and small-range) market was yesterday
23 May 2023, ES futures,

first 3 hours after the US stock market opened.

Who managed to earn $$$ from it by day trading?

For such a market,
you'd better sit on your hands.
And don't ever think of trying to earn $$$ from it.


No comment about HFT as I am no expert in that.

 

Did you get the wrong day? I was backtesting that particular day just now since I didn't get a chance to trade this week.

It made a nice breakout in the 1st 30 min.

Edit: I assume you meant today gonna check that out now.

 

Yeah, it was definitely choppy mchop but not impossible for all traders. You assume everyone is trading the same style/approach as you or that there is only one type of market traders can profit which is simply not true.