Choppy Market Index – indicator MetaTrader 5
Real author: Daniel Fernandez Indicator values are in the range 0-100. The greater is the indicator value, the greater is the market stability, so the more likely we have trend. The smaller is the indicator value – the less probable the trend is. Calculation formula: CMI = ((ABS(Close[0]-Close[n]))/(MaxHigh[n]-MinLow[n]))*100 Where: ABS – absolute value Close[0] – … Read more