Choppiness Index
TrendOwn panel belowWhether the market is trending or chopping, scaled 0–100.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
High values (usually above 61) mean directionless back-and-forth; low values (below 38) mean a one-way run. It describes character, not direction.
Where it misleads
High is not bad — a base-building stretch also reads high.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Mass IndexWatches the rhythm of bar ranges widening and narrowing to spot possible reversals.
- Gator OscillatorBars showing how far apart the three Alligator lines are.
- Linear Regression SlopeOnly the slope of the straight line fitted to the recent window.
- Accumulative Swing Index (ASI)A running total of how much each bar really moved.
- Random Walk Index (RWI)Whether the current move is larger than a random walk would explain.
- Trend Intensity Index (TII)How much of the recent window closed above its average, scaled 0–100.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.