Download Free Forex Choppiness Index Indicator

Choppiness Index is a technical indicator which helps you understand the momentum and trend of them market. So, basically, this indicator is two in one indicator. You would be making trading decisions based on the indicator you see in the indicator window. Choppiness index indicator works best when it is combined with moving averages. Moving average is necessary when trading with indicator because this indicator itself doesn’t give clear buy and sell signals. At most of the times this indicator can be confusing for the new traders. You will get good results when you use this indicator in a trending market.

When you install Choppiness Index in your trading platform, your chart should look like this:

Choppiness Index

Choppiness index consists of a channel and an oscillator which moves like a MACD signal line. The upper band of this indicator works as an overbought and the lower band works as a support zone. Therefore, when the yellow oscillator is around the lower band you should be looking for buying signals and when the yellow oscillator is around the upper band, you should be looking for short opportunities.

Buying Conditions Using Choppiness Index.



Selling Conditions Using Choppiness Index.


Market should be down trending.
Markets should be falling from the latest resistance.
Yellow oscillator of Choppiness index indicator should be falling from the upper band.
Place your short position when above conditions are met.
Place your stop loss above the recent swing high.
Take your profit when yellow oscillator breaches below the lower band.

Download Free Forex Choppiness Index Indicator


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