Extra indicators
Choppiness Index
Tells you whether the market is trending (low values) or going sideways in a choppy way (high values).
الفكرة بكلمات بسيطة
If the candles' sizes add up to much more than the overall range, the price has been going back and forth. If they add up to about the range, it went in one direction.
طريقة الحساب
Compares the sum of true ranges over N candles with the overall high–low range, on a 0–100 scale.
CHOP = 100 × log10( Σ ATR(1) over N ÷ (highest high − lowest low) ) ÷ log10(N) (N = 14)كيفية الاستخدام
- Above 61.8: choppy, avoid trend strategies. Below 38.2: trending.
- A drop from high values often comes before a breakout.
استخلاص النتائج
- It does not tell you direction.
مثال
After two weeks above 60, CHOP falls to 35 as the price breaks out: a trend has started.
الأسعار في الأمثلة للتوضيح.
ما يجب الانتباه إليه
- Thresholds are rules of thumb.
لمحة تاريخية
Created by the Australian commodity trader E. W. Dreiss.
محتوى تعليمي فقط. لا يتنبأ أي مؤشر أو نمط بالمستقبل، ولا شيء هنا يُعد نصيحة استثمارية.