rijay wrote: Thu Sep 21, 2017 7:34 pm..

Would you tell us how to use pallada asistant?

Idk this is right place or not to post this
simple chop zone translate from TV not 100% same, some time there is 1-2 Bar miscalculations, idk why

Bee wrote: Sun May 05, 2024 3:53 pm Idk this is right place or not to post this
simple chop zone translate from TV not 100% same, some time there is 1-2 Bar miscalculations, idk why

Maybe can fix it if you can post the source. The version I found was a simple ma angle converted to 0 to 1 histogram, think we have some regular ma angle histograms here in the forum if that is it.

mrtools wrote: Mon May 06, 2024 2:52 am Maybe can fix it if you can post the source. The version I found was a simple ma angle converted to 0 to 1 histogram, think we have some regular ma angle histograms here in the forum if that is it.

Sure mrtools, here it is
Thanks i'm learn alot from you

Bee wrote: Mon May 06, 2024 8:55 am Sure mrtools, here it is
Thanks i'm learn alot from you

Simple Chop Zone

Can you try if it's any better now.

What is the Simple Chop Zone indicator?

The Simple Chop Zone was created by author Meterdown from TradingView as a substitute over TradingView's default Chop Zone indicator.
The Chop Zone, as it's name implies, is an indicator that's used to analyze trends and identify when the market is not trending and therefore hard to trade.
TradingView's "histogram" concept is based on the Dreiss Choppiness Index Oscillator by Australian commodities trader Bill (E.W.) Dreiss where:

• The Chop Zone plots between -100/+100
• Signals to the differences between Close price and its Exponential Moving Average (EMA)

However, the TradingView version of this indicator had limitations such as too many confusing colors and inability to use an EMA for calculation, so the author came up with this simplified version with the added ability to use EMA "Angles" for it's calculation:

• EMA Value Uptrend and Downtrend Limits (Angle) options are for uptrend and downtrend.
• Default values are 5 & -5.
• If the default EMA value (Length) of 34 is changed, then the default Angle threshold for Uptrend & downtrend will no longer apply. So this is a way to change that.
• For faster EMA's i.e. lower number than the default 34, use a higher EMA Angle value, as the EMA will tend to to rise and fall steeper. Vice versa for slower (higher number than default 34) EMA's.

The Simple Chop Zone indicator's colors represent:

• MediumAquamarine = Uptrend
• Crimson = Downtrend
• DimGray = Choppy Market

PS: The default length is 34 Period for the original Chop Zone indicator.

mrtools wrote: Mon May 06, 2024 10:20 am Can you try if it's any better now.

As Always Amazing

Filter More better right now

mosiskv wrote: Tue Oct 17, 2017 4:58 am Hi
Try this by mw108 - Platform Tech - Most Simple Sideways Detector - (credit to mw108)
Cheers

Hello Mr. Tools, good day! Is it possible to have histo version of this excellent indicactor in mq4 format?.

Thank you.

Jimmy wrote: Tue Jan 19, 2021 8:50 pm Damiami Volatmeter guide

Interesting indicator.
Traders must remember, this is not a directional indicator. The Histogram version does not tell us which direction to Buy or Sell.

For those who are curious on how to use the Damiani Volatmeter:

• Green line above Gray line means market is trending
• Gray line above Green line means market is flat (ranging).
• Red line at the bottom of the indicator means the market is Ranging.
• The author states that Bullish and bearish trends come in right after the red line (noise market).

Confused here the little sign in the indicator says TRADE or DO NOT TRADE. What do I trade?

boytoy wrote: Mon Aug 19, 2024 5:51 pm Confused here the little sign in the indicator says TRADE or DO NOT TRADE. What do I trade?

This indicator will not tell you which direction to enter a trend as it measures price's volatility and movement. Witihin the indicator's subwindow, the text will tell you to:

1. TRADE: which means the conditions are good and the market is trending so trading is permitted.
2. DO NOT TRADE: means the market is ranging so pass on trading for now.

As mentioned above, it will not give signals on the direction of a trend. This is up to you by using other indicators and analysis.

So for example, if I was instructed to take a trade USDCHF with this indicator today I would:

• Have a quick look at the higher timeframe USDCHF charts such as the Weekly and Monthly timeframe:
• I'll see that this pair has been on a downtrend for decades.
• I'm only going to look for "Sell" positions on the lower timeframes.
• I'll have a look at the 4 Hour timeframe and wait for the Volatmeter indicator to signal that there is a "trend" happening.
• If price is moving towards the downside I'll enter a "Sell" position.

Now, the best thing about this indicator is the Histogram version which is made by Mrtools which can be neatly placed into any subwindow or moved to the very bottom of your chart and out of the way.

The Histogram will give you a clear display of a the market condition being either in a Trend or Ranging.

Attached below is a template with both indicators. I've changed the colors in the template to suite the theme but as you can see in this template:

• Aqua Histogram bars mean the market is in a Trend.
• Blue Gray Histogram bars mean the market is Ranging.