Choppiness IndexChoppiness Index can be viewed as an indicator measuring the market's trendiness (the output being well below its average on the chart) versus the market's choppiness (the output being well above its average on the chart).
The basic idea is that when the market is heavily trending during the past N bars, the fractal dimension is close to one and the Choppiness Index is around zero. Conversely, when the choppiness index is high, the market is in choppy consolidation.
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