- The built-in indicator version had no real configuration options
- It was hard-coded to use the 34-period EMA with fixed span sizes for identifying price range
- There was no real context to the meaning of default color scheme
- The separation points of the chop zone bars was at a fixed 1.43-degree scale
Note: If left at default settings, this indicator will exactly match the built-in Chop Zone indicator.
WARNING: Please be sure you understand the potential impact and implications before adjusting any of the settings in the "Advanced Configuration" section!!!
Chop Zone with discrete/standard coloring:
Chop Zone with gradient fill:
Moving Average angle plot with gradient fill:
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.