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Extra indicators

Choppiness Index

Tells you whether the market is trending (low values) or going sideways in a choppy way (high values).

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用通俗的话解释

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.

计算方法

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)

如何使用

  • Above 61.8: choppy, avoid trend strategies. Below 38.2: trending.
  • A drop from high values often comes before a breakout.

得出结论

  • It does not tell you direction.

示例

After two weeks above 60, CHOP falls to 35 as the price breaks out: a trend has started.

示例中的价格仅作说明。

注意事项

  • Thresholds are rules of thumb.

一点历史

Created by the Australian commodity trader E. W. Dreiss.

仅供学习参考。 没有任何指标或形态能预测未来，本页内容均不构成投资建议。