| The Formula
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on Formulas |
100 * LOG10( SUM(ATR(1), x) / ( MaxHi(x) - MinLo(x) ) ) /
LOG10(x)where x = Choppiness
Period
LOG10(x) is base-10 LOG of x
ATR(1) is the True Range (Period of 1)
SUM(ATR(1), x) is the Sum of the True Range over past x bars
MaxHi(x) is the highest high over past x bars |
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| The
Presentation . . . |
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on Charts |
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The chart above is a 2-minute
chart of ESZ8 with the 14 period Choppiness Index added to the lower
pane. |
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| The
Preferences . . . |
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on Preferences |
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The
Description . . . |
The Choppiness Index is designed to measure the market's trendiness
(values below 38.20) versus the market's choppiness (values above
61.80). When the indicator is reading values near 100, the market is
considered to be in choppy consolidation. The lower the value
of the Choppiness Index, the more the market is trending.
The period supplied by the user dictates how many bars are used to
compute the index. |
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RTL
Token . . . N/A ( more
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There is no RTL token yet for Choppiness Index
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Keyboard
Adjustment . . . |
| N/A
For more information on technical
indicator adjustment, click here. |
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User
Strategies . . . |
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If you have a User Strategy involving this or any other indicator that you'd like to share,
please email to
support@linnsoft.com
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