A handy little indicator illustrating not only areas of Chop or "flat" market conditions, but also to indicate the start of a new trend and the new trend's direction.
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Using just a few algorithms to indicate the aforementioned (RSI, Jurik Moving Average and Angle of MA) we've tried to keep it simple as we believe adding too many variables can only degrade a good indicator, and not enhance it, as many would lead you to believe.
There's a few settings to play with regarding Relative Strength, Jurik MA and the ability to set an angle to determine when chop/trend starts or ends.
Good Luck and Happy Trading! -theCrypster
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UPDATE - - Tidied code and added comments for better clarity
@mmings, Hi there. Excellent suggestion, alerts are not currently available on this indicator. We're super busy with our Crypto Tipster v2 strategy at the moment, but getting Alerts set up for this is certainly on our to-do list now! Thanks! 👍👍👍
ChiragPatnaik
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@theCrypster, Any chance, you'll get around to setting up alerts on this?
@mattjclark55, Thanks Matt, we thought about using this as another form of Safe Mode within our Crypto Tipster & Scalper Strategies. Then decided it would make a great add-on to those, and we can provide it for public use too!
traterbator
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@theCrypster, hi can you please provide instruction on source code thankyou