ChopShield Pro

ChopShield Pro — Smart Range Shield & Trend Hunter

ChopShield Pro is a technical trend indicator that utilizes the dynamic momentum oscillator (Chande Momentum Oscillator — CMO) to automatically adapt its smoothing period to current market volatility.

Unlike standard fixed-period moving averages (EMA, SMA), ChopShield Pro continuously measures market momentum:

  • In the consolidation phase (ranging market / chop): As relative volatility decreases, the smoothing factor drops, and the indicator line flattens into a horizontal plane, significantly reducing false crossovers.
  • In the directional trend phase (momentum / volatility): As momentum surges, the algorithm's responsiveness increases, providing tight tracking of price action with minimal lag.

Key Features:

  • Adaptive filtering of market noise during sideways consolidation.
  • Dynamic identification of local support and resistance levels.
  • Full multi-asset support: Forex, Metals (XAUUSD), Indices, Crypto.
  • Non-Repainting — values on closed bars remain strictly permanent.
  • Built-in alerts (Pop-up, Push notifications to mobile, Sound).

Input Parameters:

  • Period — base period for smoothing calculation (default: 9 / 14).
  • CMO Period — period of the dynamic momentum oscillator (default: 9).
  • Applied Price — price type for calculation (Close, Open, High, Low, Typical, Median).
  • Enable Alerts — enable sound, pop-up, and push notifications on direction change.

Recommendations:

  • Can be used as a standalone trend filter or as part of complex trading systems.
  • Recommended timeframes: M5, M15, H1, H4.

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