Gold Chop Meter

What it does

It’s a market quality filter. It does NOT tell you direction.
It tells you when Gold is too compressed/choppy to trust clean expansions.

NORMAL = tradable conditions

CHOP = compressed / messy conditions

NO TRADE (30M BOX) = hard stop (30M is CHOP)

NO TRADE (HTF CHOP) = hard stop (majority of higher TFs are CHOP)

How to read the panel (left → right)

You’ll see:

1H: NORMAL/CHOP | 30M: NORMAL/CHOP | 15M: NORMAL/CHOP | 5M: NORMAL/CHOP | TRADE/NO TRADE

The rules (exact)

If 30M = CHOP → NO TRADE (30M BOX)

This is your strongest filter. Don’t fight it.

If 30M isn’t CHOP, then it checks majority:

Default: 1H + 30M + 15M

If 2 of 3 are CHOP → NO TRADE (HTF CHOP)

If those are not true → it prints TRADE

If 15M is CHOP but 30M is NORMAL, it prints:
“TRADE (CAUTION – 15M CHOP)”

That means: trade smaller, quicker, or wait for cleaner trigger.

Settings you actually need to touch
1) Profile

Auto (by session) = best for most days (it changes the threshold by time window)

NYO / Overnight / London profiles are there if you want to force one behavior.

2) ATR Length (fixed)

Default 4 is good for Gold.

If it’s too sensitive (flips CHOP too often), raise to 5.

If it’s too slow (stays NORMAL when price is dead), drop to 3.

3) Include 5M in majority filter? (default OFF)

OFF = cleaner, less restrictive (recommended)

ON = stricter filter (needs 3 of 4 to be CHOP for “HTF CHOP” but 5M influences the count)

How to use it with your purge strategy (simple playbook)
When it says TRADE

You’re allowed to execute your normal model:
Sweep → displacement / CHoCH → first return → run

When it says TRADE (CAUTION – 15M CHOP)

Still tradable, but:

take A+ only

smaller size

quicker TP, don’t expect runners

demand a cleaner trigger (strong displacement)

When it says NO TRADE

You don’t force entries.

What you do instead:

wait for 30M to flip back to NORMAL

or wait for a clear range break + retest that turns the environment back to expansion

Quick “decision cheat”

30M CHOP? → Stop. No trade.

2/3 HTFs CHOP? → Stop. No trade.

Only 15M CHOP? → Trade, but cautious.

All NORMAL? → Green light.