Choppiness Index (CHOP)
Choppiness Index: measures whether the market is trending or moving sideways, on a 0-100 scale.
How to read it
- Above 61.8: choppy, sideways market.
- Below 38.2: trending market.
- It does not show direction, only whether a trend is present.
Key settings
- Length 14; levels 61.8 / 38.2 with a zone.
Good to know
- Drawn in its own pane below the chart.