Chop Zone - SamX

31 thg 1, 2022

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:


Chop Zone with gradient fill:


Moving Average angle plot with gradient fill: