Simple Chop Zone

12 באפר׳ 2023

The original Chop Zone indicator by Trading View is good, but has a few limitations which I've addressed in this one

• Too many colors which confuse and/or overwhelm users like me
  
• Inability to change the EMA period
  

This one has just 3 customizable colors for
* Uptrend - default = Turquoise
* Downtrend - default = red
* Everything else - default = lime

And you can set your own EMA length. The default is 34 as per the original Chop Zone indicator

17 באפר׳ 2023

הערות שחרור

• Added Inputs options for EMA Angle Uptrend and Downtrend - Defaults are 5 & -5. If you change the EMA from default 34 to any other, then the default threshold for Uptrend & downtrend no longer apply. So this is a way to change that.
  
• For faster EMA's i.e. faster than the default 34, use a higher EMA Angle value as the ema will tend to to rise/fall steeper and vice versa for slower EMA's