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OPEN-SOURCE SCRIPT

Choppiness Index Tile

By vtrader321
Updated
A simple tile on the chart that indicates the choppiness index on the chart for the chart's timeframe. The index tile will show 3 different colors based on the value of the choppiness index. 61.8 for the high threshold and 38.2 for the lower threshold.
Release Notes
Added a plot statement in order to display choppiness value next to the indicator title
CHOPchopfilterchopinessChoppiness Index (CHOP)choppyanalysischoppymarketChop ZoneOscillatorsTrend AnalysisVolatility

Open-source script

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 publication is governed by House rules. You can favorite it to use it on a chart.

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