Range Efficiency Index
Measuring daily market efficiency - trending vs choppy conditions (QQQ 1999-2025)
Trading Days
360
Current (50-day SMA)
47.89
Avg Choppiness
48.52
Min / Max
0.14/98.27
Dec 5
21
QQQ Daily Chart
Daily candlestick chart showing QQQ price action
Intraday Momentum Index (50-day SMA)
50-day moving average of absolute daily move percentage - Higher values indicate larger directional moves, lower values indicate smaller moves
Range Efficiency Index (50-day SMA)
50-day moving average of range efficiency - Higher values indicate trending markets (efficient directional movement), lower values indicate choppy conditions (grinding with lots of back-and-forth)
How to Read the Indicators
Range Efficiency - Market Character
- >60%: Strong trending market - efficient directional movement
- 40-60%: Normal conditions - moderate efficiency
- <40%: Choppy market - grinding with back-and-forth
- Historical average: 47.3%
Momentum - Move Magnitude
- Formula: abs(close - open) / close x 100
- Measures the size of daily directional moves
- Higher values = larger moves (volatile conditions)
- Lower values = smaller moves (quiet conditions)
- Historical average: 0.98%
- Best Trading: High efficiency + high momentum = strong trending moves