Trader Set - Choppiness Index HelperThis is simply a helper indicator that sits on the chart to mimic the color code of the choppiness index oscillator. It can be used when you maximize the chart to better focus on the chart and other parts of the system.
Please don't ask for getting access, these indicators are available only for my students. The English website and the related learning materials are under development and soon they will be published and I will announce it in the comment section of every related indicator.
Índice de Choppiness (CHOP)
Trader Set - Choppiness IndexFinally made this work as desired, time to publish another super useful script in the tool set for my methodology. This indicator easily shows when the market is moving as a CHOPPY market so that traders either don't take position or be very cautious with their positions.
Action Section, Volatility Choppiness Indicator (by ChartArt)Here is a solution to find entry points to trade. This indicator highlights price sections with low choppiness, where both the ADX (Average Directional Index) indicator shows strong movement (up or down!) in the price and a customized Money Flow indicator (which uses only the change of the volume not the change of the price, hence a Volume Flow indicator), also shows volatility is present. Using higher filter values than the default setting of "30" reduces the noise, but also shows less 'action sections'. Vice versa using values lower than "30" increases the amount and duration of action sections which are shown.
The "action section" indicator does not show the direction if the price is going up or down. It shows if there is enough action worthy the time to trade (lower odds of a neutral sideways trend). Therefore in addition a Heikin-Ashi based price change indicator can optionally be plotted, which shows the actual direction of the price.
Action Section, High Volume Volatility & Low Price Choppiness Indicator
This indicator works only on charts which have volume data.
FREE INDICATOR: CHOPPINESS INDEX "TREND DETECTION FROM CHAOS"About:
The Choppiness Index was created by E.W. Dreiss out of chaos theory, and attempts to gauge the current market's trendiness.
I've seen a few versions of this floating around, but this was built off the true version as described in the original 1993 release, you can read more about it here: www.edwards-magee.com
Usage:
Values above 61.8 are considered very choppy, values below 38.2 are considered very trendy, but values along the entire scale can help you determine position sizing, or even weather you should be getting into this trade or not.
If you are looking for a new way to know weather the market is trending, about to trend, or just going sideways, this very handy indicator for algorithmic trading may be your answer.
Grab the source code here: pastebin.com
Installation video by @ChrisMoody here : blog.tradingview.com
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I'd like as many people as possible to get it :)
