Extra indicators
Choppiness Index
Tells you whether the market is trending (low values) or going sideways in a choppy way (high values).
ایده به زبان ساده
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.
روش محاسبه
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)نحوه استفاده
- Above 61.8: choppy, avoid trend strategies. Below 38.2: trending.
- A drop from high values often comes before a breakout.
نتیجهگیری
- 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.
قیمتها در مثالها نمایشیاند.
مراقب اینها باشید
- Thresholds are rules of thumb.
کمی تاریخچه
Created by the Australian commodity trader E. W. Dreiss.
فقط محتوای آموزشی. هیچ اندیکاتور یا الگویی آینده را پیشبینی نمیکند و هیچچیز اینجا توصیه سرمایهگذاری نیست.