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Indicator-A-Day
 24. Volume Breakdown
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Investor/RT Tour ( more on Technical Indicators )
Choppiness Index

The Formula . . . 

. . .more 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

 
The Presentation . . . 

. . . more on Charts 

The chart above is a 2-minute chart of ESZ8 with the 14 period Choppiness Index added to the lower pane.

 
The Preferences . . . 

. . . more on Preferences 

  • Draw As - Color(s) and style used to draw the True Range in the chart.

 
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.
 
RTL Token . . . N/A ( more )

There is no RTL token yet for Choppiness Index
 

Keyboard Adjustment . . .
N/A

For more information on technical indicator adjustment, click here.

User Strategies . . . 
 
If you have a User Strategy involving this or any other indicator that you'd like to share, please email to support@linnsoft.com