Choppiness Index

Measures whether a market is trending or in choppy consolidation.   

Syntax: Chop(Length, Interval, [Ref], [Symbol]) 

Length = Required. The number of periods used in the Choppiness calculation.

Interval = Required. 

[Ref] = Optional.

[Symbol] = Optional.

Examples:

Chop(14, 5, 0, YHOO) 

The Choppiness Index using a 14 period length for 5 minute bars for YHOO.