PROTECTED SOURCE SCRIPT
Nik_Chop_Overlay

A tool/ indicator to predict volatility mean reversion zone for both scalper and Trend Traders
Green Zone: Market to possibly remain Sideways / Choppy / Squeeze predicted
Blue Label up : sideways move started (Market to possibly stay in range for next appx. 4 to 8 bars, relative to past 7 to 15 bars)
Red Arrow : Volatility most like to increase (In any direction)
Scalpers : Entry and Exit in Green zone
Trend Traders : Avoid Green zones or be patient in green zone
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.