chris2980

I have been trying to figure out a way to filter out stocks that are choppy vs stocks that arent. The best way to describe this is by an example. I want to be able to see stocks that are trading like this: http://i.imgur.com/D1cOu.jpg versus more choppy stocks like this: http://i.imgur.com/vgQNN.jpg These are cvlt on 9/27 and chk on 9/28 on the 5 minute time frame. Both of these stocks formed inside bars on the 15 minute chart, but obviously one stocks looks better than the other. Is there a volatility indicator/PCF or something else anyone can think of to filter out these types of choppy charts on the 5 minute time frame? I tried filtering using adx but it doesnt seem to help. I have use a shorter time frame to filter out the choppiness but seems to filter out a lot of winners too. Any advise would be appreciated.

thank you i will look into that

I was wondering if anyone who is better writing code than I am would be willing to help me backtest my strategy through a backtester that you've possibly already created. My strategy is relatively simple and straight-forward and could possibly benefit both of us. I can of course manually backtest, but was hoping to get results over a larger time period. If anyone is willing to do this please let me know.