Choppiness Index (CHOP)

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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.

Read more about Choppiness Index in TradingView wiki.
6.1.8.Family 6.1.8.Family SPX, 60, Short ,
203 0 7
SPX, 60 Short
S&P 500: Expecting a Fall

As the bullish move is losing steam, a fall in price is to be expected. This fall in price could be the beginning of a bigger corrective wave down or it could be short lived. Either way, this gives opportunity to milk some pips from the market. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

james0577 james0577 EURUSD, 240, Short ,
81 0 9
EURUSD, 240 Short
Down to 1

4 hour chart showing the the large pin formation sent me over the edge on this one. It almost looks to good to be true.

ChartArt ChartArt BTCCNY, D, Short ,
637 3 6
Back to chop

The correction on Sunday, February 16 was too strong to allow the uptrend to resume. We we will see several days of choppiness until we could be fully back in the despair trend. The last uptrend was way too fast: Update: It looked like the moon dream is over, but my chart showed my I was wrong.

67 0 0
ZC1!, D
No Chicken dinner today!

ZC is starting to feel choppy in this area so we are taking off our long position at a small loss. Like we mentioned, this could chop until harvest starts. We will keep her on the watch list. NEXT!

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