The Choppy Market Tool is based on the Choppy Market Indicator we created in this video: VIEW. The Choppy Market Tool and Indicator try to show the choppiness in the price movement. You don’t want to take trades when the price movement is choppy because many indicator strategies can give false entry signals. The probability of tighter stop-loss getting triggered because of choppy price movement is higher. So if the price movement is Choppy in the Choppy Market Tool, it is better to avoid trading that chart or set a wider stop-loss to increase the probability of winning. Note: Choppy Market is showing short-term choppiness.

The Choppy Market Tool is updated just before the candle closes. For example, the 30min timeframe is updated just before the 30min candle closes. Similarly, the 1h timeframe is updated every 1h. The 4h timeframe is updated every 4h, and so on. 1W is updated every other day. 

Green = The price movement is good. It is NOT choppy.

Yellow = The price was Good(green), but the good price movement is starting to slow down and the price can get choppy ahead. There is a potential for a choppy price movement.

Choppy = The price is Choppy at the moment.

Numbers = Numbers try to show the strength of the good and choppy price movement. A higher number indicates a good price movement. On the other hand, a number below 20 indicates a Choppy Market.

You can find the source code of the Choppy Market Indicator and the installation steps in the indicator’s PUBLIC Patreon Post. Read the “About Section” of the Trading Rush Patreon Page to find the latest version link: VIEW.