Choppiness Index

Here you can post and download custom indicators written in JavaScript.

Moderator: admin

Choppiness Index

Postby Alexander.Gettinger » Sat Mar 30, 2019 3:27 pm

The Choppiness Index is designed to measure the market's trendiness (values below 38.20) versus the market's choppiness (values above 61.80). When the indicator is reading values near 100, the market is considered to be in choppy consolidation. The lower the value of the Choppiness Index, the more the market is trending. The period supplied by the user dictates how many bars are used to compute the index.

chop_idx.PNG


Download:
chop_idx_JS.jsl
(3.38 KiB) Downloaded 464 times
Alexander.Gettinger
FXCodeBase: Confirmed User
 
Posts: 3785
Joined: Wed Mar 31, 2010 9:40 pm
Location: Russia, Omsk

Re: Choppiness Index

Postby xristos1982 » Thu May 18, 2023 1:55 pm

Can i have this in lua,please?
xristos1982
 
Posts: 50
Joined: Sat May 08, 2021 5:00 pm



Return to JavaScript Indicators and Strategies

Who is online

Users browsing this forum: No registered users and 5 guests