Extra indicators
Choppiness Index
Tells you whether the market is trending (low values) or going sideways in a choppy way (high values).
सरल शब्दों में विचार
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.
गणना कैसे होती है
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)इसका उपयोग कैसे करें
- Above 61.8: choppy, avoid trend strategies. Below 38.2: trending.
- A drop from high values often comes before a breakout.
निष्कर्ष निकालना
- It does not tell you direction.
उदाहरण
After two weeks above 60, CHOP falls to 35 as the price breaks out: a trend has started.
उदाहरणों में कीमतें केवल समझाने के लिए हैं।
इन बातों का ध्यान रखें
- Thresholds are rules of thumb.
थोड़ा इतिहास
Created by the Australian commodity trader E. W. Dreiss.
केवल शैक्षिक सामग्री। कोई इंडिकेटर या पैटर्न भविष्य की भविष्यवाणी नहीं करता, और यहाँ कुछ भी निवेश सलाह नहीं है।