Choppiness Index MTF
- Indikatoren
- Van Nhan Huynh
- Version: 1.0
- Aktivierungen: 5
The Choppiness Index was created by Australian commodity trader E.W. Dreiss. It is designed to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction).
A basic understanding of the indicator would be; higher values equal more choppiness, while lower values indicate directional trending. The values operate between 0 and 100. The closer the value is to 100, the higher the choppiness (sideways movement) levels. The closer the value is to 0, the stronger the market is trending (directional movement).
If you're a trend trader, you can wait for the indicator to go below 50 to open positions.
Also, MTF (multiple timeframes) is supported in this indicator.