| The Formula
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on Formulas |
100 * ((LOG(SUM(ATR(1), x) / (MaxHi(x) - MinLo(x))) / LOG(10)) /
(LOG10(x) / LOG(10)))where x = Choppiness
Period |
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| The
Presentation . . . |
. . . more
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 closer to 1) versus the market's choppiness (values closer to
0). When the indicator is reading values near 0, the market is
considered to be in choppy consolidation. The higher 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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