Manus Gold Daily Range Choppy Filter

### Manus Gold Daily Range Choppy Filter

This indicator is designed to answer one simple but critical question **before trading begins**:

**Is today a day worth trading, or is the market too choppy?**

Instead of generating entries or signals, this tool acts as a **daily market condition filter**. It helps traders avoid low-quality sessions where breakouts fail and price action is dominated by noise and mean-reversion.

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### 🔍 What the indicator does

The script evaluates **market tradability once per day**, based on **yesterday’s completed data**, and then locks that decision for the entire trading day.

It combines two independent concepts:

#### 1️⃣ Choppiness Analysis (core logic)

* Calculates the **Choppiness Index** on **1H and 4H timeframes**
* Detects whether the market is:

* **Trending / expanding** (low & falling choppiness)
* **Range-bound / noisy** (high choppiness)
* Optional requirement that choppiness must be **falling** (early expansion phase)

#### 2️⃣ Daily Range Contraction (optional filter)

* Detects **NR days** (narrowest range in N days)
* Detects **ADR contraction** (yesterday’s range significantly smaller than normal)
* Used to identify potential **breakout-ready environments**

Both components are combined into a single **daily tradability decision**.

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### 🟢 / 🔴 Output logic

* **Green bar** → Market is considered **tradable**
* **Red bar** → Market is **not tradable** (choppy / low quality)

Important characteristics:

* **Exactly one bar per day**
* No intraday repainting
* Decision is locked using **yesterday’s final data**
* Designed to be used on **any intraday chart**

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### 📊 Visual elements

* Histogram bar (green / red) indicating daily tradability
* Optional background highlight on the first bar of each new day
* Optional table showing:

* Choppiness values (1H / 4H)
* Choppy / not-choppy status
* Falling expansion state
* DRB / contraction filter status

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### 🎯 How to use it

This indicator is **not a trading strategy** and does **not provide entries**.

It is best used as:

* A **pre-market filter**
* A **“trade / no-trade” switch**
* A **risk and expectation management tool**

Typical usage:

* Trade breakout and trend strategies **only on green days**
* Reduce size or avoid trading entirely on red days
* Combine with your existing setups (London Breakout, NY session, trend continuation, etc.)

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### ⚠️ Notes

* Designed and optimized for **Gold (XAUUSD)** but works on other instruments
* Uses higher-timeframe context to protect against intraday noise
* Especially useful for traders who struggle with **overtrading in ranges**

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### ✅ Summary

This indicator helps you **stay out of bad days**, not chase more trades.

Sometimes, **the best trade is not trading at all**.