Here's a good way to determine chop, any time frame
Note that this works great on FX, although the trader who taught me this trades just about everything that moves.
Fib retracements - do fib retracements between most recent significant swing highs/lows, in both directions (1 retracement up, 1 down) If price is moving between .786's, you're definitely in chop.
CCI works GREAT, if used properly. It is NOT an oscillator like a stochastic, it is much more of a momentum indicator. If it's staying OB/OS, that's a great indication that you are in a trend, or momentum is in that direction.
Try this -- throw a 50 period CCI on your chart. Above 0 = uptrend bias, below 0 line = downtrend bias. Watch what happens to price when the CCI breaks the 0 line, and especially when it breaks the 100/-100 lines. You are NOT looking for a reversal if CCI breaks below 100 or above -100 lines, that is only an exit indication.
Lastly, if the CCI 50 is just bouncing between 0 and 100 or 0 and -100, without breaking a "line", that is another good indication of chop.
Is it perfect? No! Will it give some false signals? Yes! But I've found no other indicator that is more accurate. For more info, google CCI Dr. Bob (free info) and you'll also find some great setups with CCI. This is NOT the way Woodie teaches it, it's much better IMO.