I generally trade stock index, currencies, and commodity futures...I have good risk management and methodology for trading - but I find myself overtrading, less patient, and basically less profitable in choppy markets.

Is there anything you guys use that helps you to recognize trending days versus choppy days?  (using volume, ADX, certain fib breaks, anything?)  Thanks

i enjoy this indicator very much as i try to trade the gap fill (if it's viable) every day.  am short /es 1334.75 in a riskless trade (your indicator was long after i was already in) but feel better about the trade to 1329s now that it switched negative.  if it works, great - if not, just cost me commissions. 

This obviously doesn't ALWAYS work, but is helpful more often than not.  there are also many other variables to consider, but this is as simple as i can put it.  thanks.

http://screencast.com/t/tuSm9YSc

I had mentioned yesterday how much I enjoy this indicator.  I primarily trade futures and trading the gap is one of my strategies.

for example - i was long 1281 $es in a riskless trade targeting 1292s (gaps usually (but not always) don't fill on opex fridays).  matt posted his chart contrary to my trade and i ultimately was taken out per my rules at breakeven.  Although my trade ultimately didnt pan out, it was nice to see the other side and what direction the mkt was more likely to gravitate given the indicator.  I can see this indicator being a great tool especially when my thesis for a gap fill lines up with his.  thanks so much.

they already started filming it

i get value out of your post mkt open gap analysis.  thank you.

regarding the overall market - i've found that if the E-mini S&P futures are trading greater than 10 points away from its 4pm gapfill then it's not likely to fill that day.  That, in conjunction with your Gap Indicator, today could've helped look for Bullish setups right from the start.  would've been a nice day.  great work with this indicator Matt.  I, unfortunately use TOS and not Tradestation - have been trying to tinker around to create it but to no avail.

http://screencast.com/t/nqh2RndYto8i

http://screencast.com/t/2aWrqCwX3wOW

was about to post that as well - good look

nice trade jimjam

http://screencast.com/t/FX3qyz9zH

over 7.35 on good volume today could go (trying to figure out how to post links, hopefully this works!  bear with me!)

close to breaking 2.89 - volume fairly anemic though