The Choppiness Index indicator can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
The NinjaTrader Choppiness Index indicator attempts to identify when the market is in a trending phase and when it is in chop. Generally, the lower the indicator reading, the more the market is trending; however, thresholds can be set, such as above 61.8 is chop and below 38.2 the market is in a trend mode.
The indicator is built on our Oscillator Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video: