The Choppiness Index was created by E.W. Dreiss out of chaos theory, and attempts to gauge the current market's trendiness.
I've seen a few versions of this floating around, but this was built off the true version as described in the original 1993 release, you can read more about it here: www.edwards-magee.com
updated my on screen options
added chris moody's day of the week - added that option so that day range can be seen easily - credit to chris moody.
also have favoured EMAS and bollinger band so that 3 indicators can be used on accounts with 5 indicator options.
colours can be changed in the script so ones that suit white back grounds or can save a template...
This shows a green indicator on this study (17Jun & 15Aug on TRN) when a bullish candle opens and closes above the prior day's bearish candle, ignoring gap ups. This will only show in the DAILY chart, not intraday.
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