Tool: Chop and Trade Zones (v2)

This is a refactored and advanced version of my filter tool "Chop and Trade Zones"

A simple yet powerful way to filter out choppy ranges or sideways moves without missing out on good trades.

It calculates the %-distance of the price to a moving average so you can ignore buy/sell signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is increasing.

New Features:

• More than 60+ Moving Averages to choose from
  
• Multi-Timeframe Selection with Repaint Protection
  
• Signal Plot so you can access the signal from another TradingView study/strategy (0 = No Trade Zone / 1 = Long Only / 2 = Short Only / 3 = Long & Short Allowed)
  
• Alerts for Long/Short Zones (you could enable/disable your trading bots automatically)