Hi droskill,
kindly take a look at this info on choppiness index with a chart.
http://www.linnsoft.com/tour/techind/chop.htm
The Formula . . .
. . .more on Formulas
100 * LOG10( SUM(ATR(1), x) / ( MaxHi(x) - MinLo(x) ) ) / LOG10(x)
where x = Choppiness Period
LOG10(x) is base-10 LOG of x
ATR(1) is the True Range (Period of 1)
SUM(ATR(1), x) is the Sum of the True Range over past x bars
MaxHi(x) is the highest high over past x bars
please take a look and code this formula at your convenience and oblige
For some reason this formula looks better with chart based guidance.
thanks and best regards
rvlv
