Custom Choppiness Histogram

The Custom Choppiness Histogram is a visually enhanced, multi-timeframe version of the traditional Choppiness Index, designed to make it easier to spot when the market is trending vs. ranging.

🔹 Key Features:

• Histogram Visualization: Clear, color-coded bars for instant interpretation.
  
  
• Two Coloring Modes:
  
  1.Change Mode → Colors based on increase/decrease vs. previous CI value.
  
  2.Absolute Levels → Uses common CI thresholds (e.g., >61.8 = choppy, <38.2 = trending).
  
  
• Grey Bars / Neutral Zone: Bars turn grey when the market is neither strongly trending nor strongly choppy — signaling a neutral or indecisive market.
  
  
• Multi-Timeframe Option: Analyze Choppiness from any higher timeframe while trading on a lower chart.
  
  
• Custom Thresholds: Adjust high/low CI levels to fit your strategy.
  

🔹 How to Use:

• Green bars → Market is becoming more trending.
  
  
• Red bars → Market is becoming more choppy/ranging.
  
  
• Grey bars → Market is in a neutral zone; use caution and combine with other signals.
  
  
• Use the timeframe input to filter trades (e.g., check if the 1H is trending before entering on the 5M).
  

🔹 Best Practice:

• Use as a context filter alongside your entry/exit strategy (e.g., MACD, ICT/Smart Money, Supply & Demand).
  
  
• Helps reduce false entries by avoiding trades during sideways conditions.
  

⚠️ Disclaimer:
This script is provided for educational purposes only. It is not financial advice and should not be used as a sole basis for making trading decisions. Always do your own research and test thoroughly before applying to live markets. Trading carries risk, and you are solely responsible for your decisions.