Choppiness Index

Choppiness index is an indicator used to measure the degree in trendiness and in choppiness in a market.

It uses a 0-100 scale and includes an upper and a lower bands respectively corresponding to Fibonacci 61.80 and 38.20 numbers. While CI values below 31.80 mean a trending market, those above 61.80 correspond to a choppy one. Low CI readings can also mean that the end of a trend is near. On the other hand, high values can signify a near end of the consolidation period, and that a potential breakout can occur at any moment.

The Choppiness index function I have written takes the choppiness period (usually 14 bars) as argument and its formula uses the Logarithm, the True Range, the highest high and the lowest low functions. The final value is normalized by the decimal logarithm of the Choppiness index period.

Other trading indicators:
Detrended Price Oscillator
Relative Momentum Index
SafeZone Stop
Klinger Volume Oscillator

Technical Analysis

• Benchmark Return in a Trading System Simulation
• R Squared of a Trading System Equity Curve
• Choppiness Index
• Forex Correlation Matrix
• Beta
• New Darvas Box - Darly Guppy
• Fibonacci retracement: Golden ratio
• Percentage of new highs to total market
• CBOE Options Advance Decline
• Dynamic Momentum Index
• More trading objects...

Fundamental Analysis

• Unexpected Short Selling Bars
• AAII Sentiment Survey - Historical Data
• Insider Data History
• Short Indicator
• Survivorship bias-free S&P 500 database downloader
• Market cap, ROE, ROA and Forward PE for U.S. Stocks - Fundamental Data from Yahoo
• Cash ON Hand for US stocks
• NSE Board Meetings
• Update the Industry Name of your U.S. Stocks
• Historical Index Composition
• More trading objects...