Smart Choppy Index v1 [JopAlgo]

Smart Choppy Index v1 [JopAlgo] — decide trend vs. chop in seconds

What it does (one line):
Measures the percent range of price over a lookback and tells you if the market is choppy (do less, fade edges) or trending (go with breaks/pullbacks).

Range% = (Highest High − Lowest Low) / Close × 100 over length

Below Choppy Threshold → likely range (red tint / X marker)

Above Trending Threshold → likely trend (green tint / ● marker)

Between them = mixed/transition (no background)

Read the pane fast

Orange line: the live Range%.

Red dashed line: Choppy Threshold.

Green dashed line: Trending Threshold.

Background: soft red during chop, soft green during trend.

Markers: X at the top when chop is detected, ● at the bottom when trend is detected.

TL;DR: Red = play defense / mean-revert. Green = play offense / trend-follow.

Simple playbook (copy this into your process)

Identify regime

Choppy (Range% < red line): prefer mean-reversion at VP edges / AVWAP; smaller targets, quicker exits.

Trending (Range% > green line): prefer breakouts + pullbacks; hold to POC/HVNs or structure.

Only execute at real locations

Volume Profile v3.2 [JopAlgo]: VAH/VAL/POC/LVNs for entries/targets.

Anchored VWAP [JopAlgo]: reclaims/rejections for timing.

Quality check (optional, recommended)

CVDv1 [JopAlgo]: execute with flow (Alignment OK, strong Imbalance, no Absorption against your side).

Risk

Stops go beyond structure/level, not on indicator flips.

If regime flips right after entry (green → red or red → green), consider tightening or exiting early.

Timeframe guidance

1–5m (scalps): length 14–20. You’ll see more flips—use thresholds a touch wider and execute only at edges.

15m–1H (intraday): length 14–34. Sweet spot for day trading bias.

2H–4H (swing): length 20–50. Fewer, cleaner signals; great for planning.

1D+ (position): length 50–100. Use as backdrop; trigger on lower TFs.

Settings that actually matter (and how to tune)

Lookback Period (length)
Shorter = faster regime changes; longer = smoother, fewer flips.

Choppy Threshold (%) / Trending Threshold (%)
Calibrate by history: scroll back and mark typical Range% during range days vs trend days for your market/TF.

If you get too many trend flags, raise the green threshold.

If everything looks “choppy,” lower the red threshold slightly.

Background color
Turn off if your chart feels busy; markers remain.

How to trade it with other [JopAlgo] tools

In Chop (red):
Fade VAH/VAL/AVWAP touches toward POC with tight stops. Confirm with CVDv1 (avoid longs if Absorption is red, etc.).

In Trend (green):
Break + retest at VP levels/AVWAP. Add on pullbacks that hold while Range% stays above the green line.

Patterns to recognize

Squeeze → Expansion: Range% ramps from below red toward/through green → expect a trend phase.

Exhaustion → Balance: After a long green phase, Range% falls back toward the middle → take profits into HVNs, expect more two-way trade.

False break tell: Level poke while Range% sits near red → low odds of follow-through; prefer reclaims.

Practical defaults to start

length = 14

Choppy Threshold = 1.5%

Trending Threshold = 2.5%

Process: Regime → Location → Flow → Execute with structure-based risk

Serious Disclaimer & Licensing

This script and description are provided for educational purposes only and do not constitute financial, investment, or trading advice. Markets are risky; you can lose some or all of your capital. Past performance does not guarantee future results. You are solely responsible for your trading decisions, including evaluating the suitability of this tool in your process, testing it on historical and simulated data, and managing risk.

This indicator relies on exchange data that may vary across venues; differences in volume, liquidity, and price feeds can impact results. No warranty is made—express or implied—regarding accuracy, completeness, or fitness for a particular purpose. [JopAlgo] assumes no liability for any direct or consequential losses arising from the use of this script or description.

License: This Pine Script® code is released under the Mozilla Public License 2.0 (MPL 2.0), © JopAlgo. You may use, modify, and distribute the code in accordance with MPL 2.0 terms.