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Chop Zone

This is a visual indicator designed to identify trends and choppiness. Plotted within -100/+100 levels, the Chop Zone illustrates the difference between close price and its EMA by converting its values to colors.

To apply a Chop Zone Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Chop Zone and click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures