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Choppiness Index

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).

To apply a Choppiness Index Indicator

1. From within a chart, from the Edit menu select Studies.
2. Choose Choppiness Index and click Add to add the study to the Applied Studies group.
3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

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