Choppiness Index 4
From the Old Kings archive: Choppiness Index 4, an indicator for MetaTrader 4. It has 7 settings, for example CILength (default 14), Level Up (default 61.8) and Level Dn (default 38.2). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Choppiness Index 4
Choppiness Index 4 is an indicator for MetaTrader 4. It has 7 settings, such as Ci length, Level up and Level dn. MQL source code included.
Files in the download: choppiness index.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ci length | 14 | Chopines index period |
| Level up | 61.8 | Level up |
| Level dn | 38.2 | Level dowm |
| Color nu | clrSilver | Color for nuetral |
| Color up | clrSandyBrown | Color for chopy |
| Color down | clrLimeGreen | Color for trending |
| Line width | 2 | Main line width |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MT4 Indicator · MQL4 Source Code