Re: Something interesting please post here (Metatrader)

3504
mladen wrote: Wed Jul 19, 2017 12:01 am Choppiness Index indicator

The Choppiness Index is designed to determine whether the market is choppy or trading sideways, or not choppy and trading within a trend in either direction. Using a scale from 1 - 100, the market is considered to be choppy as values near 100 (over 61.80) and trending when values are lower than 38.20).

The Choppiness Index is an example of an indicator that is not directional at all. CHOP is not meant to predict future market direction, it is a metric to be used to for defining the market's trendiness only. A basic understanding of the indicator would be; higher values equal more choppiness, while lower values indicate directional trending.
Very nice beats atr or adx for me
Yeshua is coming back soon
Only the truth can make free

Watch out for the poison thoughts




Who is online

Users browsing this forum: Akela, ChatGPT [Bot], ffsss, Google PageSpeed [Bot], IBM oBot [Bot], Ogee, Proximic [Bot], TCT_bx, TECHHDATE07 and 80 guests