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Chop Zone - SamX

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This is my spin on the Chop Zone indicator. It was forked from the built-in TradingView Chop Zone indicator. There were several reasons for this effort...

  • The built-in indicator version had no real configuration options
  • It was hard-coded to use the 34-period EMA with fixed span sizes for identifying price range
  • There was no real context to the meaning of default color scheme
  • The separation points of the chop zone bars was at a fixed 1.43-degree scale


[u]Note:[/u] If left at default settings, this indicator will exactly match the built-in Chop Zone indicator.

[u]WARNING[/u]: Please be sure you understand the potential impact and implications before adjusting any of the settings in the "Advanced Configuration" section!!!

Chop Zone with discrete/standard coloring:
snapshot

Chop Zone with gradient fill:
snapshot

Moving Average angle plot with gradient fill:
snapshot

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.