Choppiness Index (CHOP)

The Choppiness Index (CHOP) is an indicator designed to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). The Choppiness Index is an example of an indicator that is not directional at all. CHOP is not meant to predict future market direction, it is a metric to be used to for defining the market's trendiness only. A basic understanding of the indicator would be; higher values equal more choppiness, while lower values indicate directional trending.

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Kumowizard Kumowizard PRO EUSTX50, D, 16 hours ago
EUSTX50: Not clear at all.
57 1 7
EUSTX50, D
Not clear at all.
Same indecision, with increasing volatilit (-> see ATR!) Not trending, it is still just a choppy sideaway. Wait until clear signal comes!
markrivest markrivest DJI, 15, Short , 2 days ago
DJI: DJIA Could Have Terminating Move Up on 12/5/16
71 4 8
DJI, 15 Short
DJIA Could Have Terminating Move Up on 12/5/16
The move down from the DJIA high at 19225 has been choppy and shallow - it appears to be a Horizontal Triangle. If its complete we can expect a sharp thrust up on 12/5/16. If so the rally may not last very long or go very much above 19225. The SPX and Nasdaq would likely rally with the DJIA and probably fail to ...
timwest timwest PRO SPX, D, Long , 10 months ago
SPX: 2016 FORECAST S&P500 INDEX - RATIONALE WITH HIGH 2112, LOW 1868
8749 85 127
SPX, D Long
2016 FORECAST S&P500 INDEX - RATIONALE WITH HIGH 2112, LOW 1868
I only have made 1 forecast for the entire year in each of the past 4 years. The market rarely does what the majority thinks it will. So I do my best to be sure that I am not in the majority. Last year I was neutral expecting choppy action when everyone else was very bullish. This year with many bears, therefore ...
const const PRO GER30, D, Short , 10 days ago
GER30: DAX Short
446 0 11
GER30, D Short
DAX Short
As volatility is really low we may get a downmove during the next week (28th-2nd of November). When you look at similar occasion during the past 3 years (ATR% Pannel/Green Line), we had a declining market in 6/7 times. You can also look at the vix:vxv ratio for the US market which is at 0,8 at the moment. At this ...
const const PRO RUT, D, Short , 8 days ago
RUT: Russel 2000 short
135 3 14
RUT, D Short
Russel 2000 short
Here might be an interesting short term setup for the Russel2000. Lets check the Facts: Rsi(5) >96; first time since November 1998. The sample size of the occurences is pretty small. Februar 1991 and May 1997 the index kept going unabated, other occurences showed drops >2% Distance between ma20 and price is at an ...
yauger yauger PRO BK, W, 14 days ago
BK: A good proxy for the Banks
4 0 1
BK, W
A good proxy for the Banks
it appears Bank of New York is heading for new high. For the very very big picture not shown here, we can see that from its all-time high printed in 2001, BK has only declined in a very choppy overlapping manner highly suggesting it is a counter trend move telling us eventually BK will move above 62. Now the ...
AbhishekHSinghCMT AbhishekHSinghCMT PRO SV1!, D, Long , 15 days ago
SV1!: Silver & Gold- Both for Buy Setup
128 0 4
SV1!, D Long
Silver & Gold- Both for Buy Setup
From 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside. Gold -looking for 1300+ Move in coming ...
markrivest markrivest DJI, 15, Short , 17 days ago
DJI: DJIA base before final rally
77 1 5
DJI, 15 Short
DJIA base before final rally
The Elliott wave Horizontal Triangle pattern that was illustrated in my 11/16/16 post appeared to be complete. Today 11/17/16 the DJIA choppy side ways pattern continued. There are two possible termination points, the first one is at DJIA 18,845.30 - this would be a five wave Horizontal Triangle. The second ...
daytradersfx daytradersfx PRO AUDJPY, D, Long , a month ago
AUDJPY: Long term pattern is confirming, hundreds of pips lay ahead!
294 0 5
AUDJPY, D Long
Long term pattern is confirming, hundreds of pips lay ahead!
Of course I don't want to be in anything before the US elections, the JPY pairs will probably move a fair bit US election results. But this is a clean wonderful set up! Here's how I'm planning on trading this. 80.00 was my buy level, it got a bit choppy right there so I stayed out, I want to enter as close to ...
We_The_North We_The_North EURUSD, 60, 5 days ago
EURUSD: EURUSD Potential Cypher + Potential Bat + Potential 2618
38 0 3
EURUSD, 60
EURUSD Potential Cypher + Potential Bat + Potential 2618
Three different opportunities here on the 60min. Potential Bullish Cypher, potential Bearish Bat, and a potential 2618 opportunity with the double bottom coming from the "A" and "C" points of the Bat. Price action might be too choppy for some people to consider the Cypher valid, but if it's still valid in your ...
FXPRO_TREND_TRADER FXPRO_TREND_TRADER GBPJPY, 60, Short , 7 days ago
GBPJPY: short term sell
38 0 1
GBPJPY, 60 Short
short term sell
Short position below 141.250 with targets 138.700, 137.250, 136.250. Alternative scenario : above 141.250 look for further upside with targets 142.400, 143.250. As long as 141.250 is resistance, look for choppy price action with a bearish bais
markrivest markrivest UKX, 15, Short , 9 days ago
UKX: FTSE Corrective Pattern Top Could Be In Place
32 2 4
UKX, 15 Short
FTSE Corrective Pattern Top Could Be In Place
This is an update to the FTSE 15 minute charts I posted more than a week ago. If you want to learn Elliott wave theory observing FTSE - UKX since 11/10/16 is a great place to start. There is a very smooth and fast five wave decline followed by a very slow and choppy corrective pattern, in this case a Double ...
hopscotch hopscotch ZCH2017, D, Long , 14 days ago
ZCH2017: March 2017 Corn Up but heavy resistance follows
12 0 0
ZCH2017, D Long
March 2017 Corn Up but heavy resistance follows
Corn continues uptrend but will be met with downtrend resistance at next flight. If broken through will be met with resistance at 370. Double top reversal may occur and create choppy conditions. If it can break through both areas might see Butterfly completion to 402'6. There is a lot of corn on the market, so this ...
themarketzone themarketzone PRO SPX500, M, 15 days ago
SPX500: Price behavior patterns - Long term analysis
186 0 5
SPX500, M
Price behavior patterns - Long term analysis
Looking back since 1995 we see clear price behavior pattern in SPX: 1. Smooth and steady climbing of the Index throughout years. 2. Just before a major reversal we see a price action widening and choppiness increase. 3. Bearish reversal following a close below the Fast MA line. As you can see, since 2015 we ...
TradingTechs TradingTechs USDCHF, D, 16 days ago
USDCHF: USDCHF Neutral stance on longer timeframe
31 0 7
USDCHF, D
USDCHF Neutral stance on longer timeframe
Very choppy PA in USDCHF. This weeks dollar strength managed to break out of the range and into resistance up at 1.0125 (cluster of daily lows and highs). Through that and it targets previous swing highs at 1.026 and 1.033. Support comes in at 0.9950-0.9900 area (previous highs, Mara, and 38.2% Fib).
markrivest markrivest DJI, 15, Short , 18 days ago
DJI: DJIA Still Nearing Peak
90 9 5
DJI, 15 Short
DJIA Still Nearing Peak
Today 11/16/16 the DJIA had the possibility a truncated 5th wave top could have been in place. The subsequent decline was shallow and choppy, which is typical of a corrective pattern. Additionally the pattern taken appears to be an Elliott wave Horizontal Triangle. If the pattern is complete a post triangle trust ...
yauger yauger PRO CSCO, W, 23 days ago
CSCO: Cisco ending something
16 0 0
CSCO, W
Cisco ending something
Since its recent high, Cisco has been moving sideways in a choppy manner suggesting there's still some upside potential left but as shown on this chart using the Wave Principle, we are ending something. I just don't know what and even less how for down we might go once Cisco rolls over. So short term we might keep ...
jdemunter jdemunter USDCAD, D, Short , 23 days ago
USDCAD: Usd/Cad : Ready to turn
200 0 8
USDCAD, D Short
Usd/Cad : Ready to turn
From the 1.2460 low, price has been choppy with lots of overlapping waves. This is corrective price action. The corrective pattern here is a double three where the first (w) and third (y) wave are double threes aswell. The most common price relations between waves W and Y inside double three are 100% or 76.4%. In ...
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