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INVITE-ONLY SCRIPT
Updated

Trader Set - Choppiness Index

1 751
Finally 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.
Release Notes
Changed the color code of the top section to red. This is a better indicating color for the most choppy times of the market. There are some situations that you can trade when market is in this section but only short lived sculpt trades.
Release Notes
This is the final version of this tool, finally !
Release Notes
Code cleanup, Final Version.
Release Notes
There is a big change in every oscillator related to my methodology, Added all sort of averaging types : HMA, RMA, EMA, WMA, SMA, KAMA, FAMA, MAMA. Also, where ever we are calculating momentum in any sort or shape, now user has the ability to switch the type between TSI and MACD, and not only that, but the selected momentum type will also use the selected averaging type !!!!
Release Notes
Finally Got this to the point I can tell it's final version.

Invite-only script

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Centered OscillatorsChoppiness Index (CHOP)choppyindexOscillatorsrenkoTrend Analysisuniformity

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Centered OscillatorsChoppiness Index (CHOP)choppyindexOscillatorsrenkoTrend Analysisuniformity

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact CAB_Member directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

CAB_Member

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.