I put together this indicator to identify quiet periods in the market. You should look to only establish new position when its trading above .05 As we all know most indicators will work very well when markets are trending however you can loose your shirt trading chop and getting whipsaws in and out of trades. Some folks use the the ADX , I have never been able to get a handle on it. Indicators are never perfect and I would like to know your findings on how to improve, and build on this concept or if you have something better. I know Erick purdy and others have built some great stuff on this site.