The most common indicator for this purpose is the ADX. A revolution in the 1970's, but of limited value now in my opinion.
I think Chande's RAVI and Trendscore (the latter just converted to NT) are a very helpful edition, and I have found another indicator in MetaTrader format that could be very useful in this area.
I've attached the most recent and previous version of the Damiani Volatmeter indicator for MT4 hoping that someone can convert it to NinjaTrader. I'd love to do it myself but it's above my coding level at this time, although I hope to learn from the results...
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