OPEN-SOURCE SCRIPT
Choppiness ZONE Overlay

Purpose
This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions.
How It Works
Features
Tip
Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions.
How It Works
- Calculates the Choppiness Index over a user-defined period using ATR and price range.
- Divides choppiness into four zones:
30 to 40: Low choppiness, possible trend initiation, shown in yellow.
40 to 50: Moderate choppiness, transition zone, shown in orange.
50 to 60: High choppiness, weakening momentum, shown in red.
60 and above: Extreme choppiness, avoid trading, shown in purple. - Highlights each zone with customizable color fills between the high and low of the selected range.
- Triggers a real-time alert when choppiness exceeds 60.
Features
- Customizable choppiness zones and color settings.
- Real-time alert when market becomes extremely choppy (choppiness ≥ 60).
- Visual zone overlay on the price chart.
- Compatible with all timeframes.
- Lightweight and responsive for scalping, intraday, or swing trading.
Tip
Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。