Chop-meter

Current major chop meters:

1. Choppiness Index - determines whether the market is more trending or more consolidating.
2. Chop Zone - shows the distance between the graph and the Exponential Moving Average.
3. ChopScore - compares candle bodies to their wicks
4. Chop and explode - finds "chop zones" according to the RSI method


What does Chop-meter measures?
Chop meter, like "ChopScore" is not trying to tell the user anything about the movement of the graph, but only on its "smoothness".
Unlike "ChopScore", instead of comparing candle bodies to their wicks, Chop-meter determines smoothness by comparing 3 consecutive candles (a trio).

Chop Meter Scoring Rules
We analyze sets of 3 consecutive candles: Candle 1, Candle 2, and Candle 3.
Each trio receives a numeric score according to its pattern.
Then, the chop meter = sum of all trio scores ÷ number of trios.

Rule 1 — Smooth continuation (Score = -1)
If the 3 candles continue the same directional pattern — all lower highs (LH) or all higher lows (HL) — it’s less choppy (a smooth trend).

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1 2 3


Rule 2 — Pattern break (Score = +1)
If candle 2 keeps the pattern (LH/HL relative to candle 1),
but candle 3 breaks it with a new higher high (HH) or lower low (LL) relative to candle 2,
then it’s a small choppiness spike.

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---+-----+----
---+--+--+----
---+--+--+----
------+--+----
---------+----
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1 2 3

Rule 3 — Full pattern break (Score = +2)
If candle 2 keeps the pattern (LH/HL relative to candle 1),
but candle 3 breaks even beyond candle 1 (makes HH/LL from candle 1),
the trio is very choppy.

---------+----
---+-----+----
---+--+--+----
---+--+--+----
------+--+----
---------+----
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1 2 3

Rule 4 — No pattern (Score = +1)
If candle 2 is both higher AND lower than candle 1
(overlapping entirely, meaning no distinct direction),
the trio is undecided — choppy.

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------+-------
---+--+--+----
---+--+--+----
---+--+--+----
------+--+----
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1 2 3


Sliding Window Logic:

Move one candle forward each time:

[C1, C2, C3] → score1
[C2, C3, C4] → score2
[C3, C4, C5] → score3
...

Then calculate:
Choppiness Meter = sum of all trio scores / number of trios


Example:
If your past 10 trios had a total of 12 points →
12 / 10 = 1.2 = 120%
The higher this number, the choppier the market.



Timeframes the user can check:
- Asian range (17:00-23:00 CT)
- London Range (23:00-5:00 CT)
- NYM up until NYO (5:00-8:30 CT)
- first 5 minutes of NYO
- first 10 minutes of NYO
- X number of previous bars