MultiTimeFrame Choppiness Index
The Choppiness Index (CHOP) is an oscillator (range 0-100) designed to determine if the market is choppy (trading sideways, value is going up) or not choppy (trading within a trend, value is going down). In case of trend moves it do not determine trend direction (other indicators are needed to predict trend direction). Some see it as fuel for the upcoming movement.
This implementation shows the graph for 4 different time frames simultaneously. Time frames are selected in settings. The default set: 1h, 4h, 1D, 1W.
For each time frame we can show/hide chart line, pick timeframe, assigned a color and line width.
Troubleshooting:
In case od any problems, please send error details to the author of the script.
This implementation shows the graph for 4 different time frames simultaneously. Time frames are selected in settings. The default set: 1h, 4h, 1D, 1W.
For each time frame we can show/hide chart line, pick timeframe, assigned a color and line width.
Troubleshooting:
In case od any problems, please send error details to the author of the script.
To get access or report problem write on toolkit4trading@proton.me
More details on Website and Youtube.
More details on Website and Youtube.