I looked on the charts again to see when we are getting the choppy days and I found out most of the time the price is closer to 20 EMA.
And, when the price is at a good distance from 20 EMA, there is high volatility in the stock.
Look at the chart below.
Even at a large distance from EMA, sometimes there are small bars. We can avoid them by further addition of volume change condition. As there will be many stocks that are away from EMA on a day, further volume criteria will help us to shortlist the stocks.
And, when the price is at a good distance from 20 EMA, there is high volatility in the stock.
Look at the chart below.
Even at a large distance from EMA, sometimes there are small bars. We can avoid them by further addition of volume change condition. As there will be many stocks that are away from EMA on a day, further volume criteria will help us to shortlist the stocks.