CHOP Zone Entry Strategy + DMI/PSAR Exit

Script from: TradingViewSwingTrend followingMomentum

Utilize the CHOP Zone Entry Strategy combined with DMI/PSAR indicators to identify optimal trade entries and exits. The strategy employs the non-directional Choppiness Index to signal trade opportunities in trending or non-choppy markets. Confirmation of trend direction is provided by the Directional Movement Index while the Parabolic SAR establishes dynamic trailing stops during strong trends. Suitable for those aiming to avoid sideways markets and capitalize on significant price movements.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

880backtests3 markets

18robust scoreranked median 52

0.43p-valueranked median 0.24

1/100pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.99 (p = 0.43), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

1 of 100 backtests with more than 15 trades pass our quality gate.

Robust score

18/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.99

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 880 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Tilray Brands, Inc. - Class 2 NASDAQ:TLRY	1H	+1,334%	1.42	187	40%
MKR / US Dollar BINANCE:MKRUSD	1D	+454%	3.28	15	36%
XP Inc. NASDAQ:XP	4H	+242%	11.97	19	14%
AMC Entertainment Holdings, Inc. NYSE:AMC	30m	+239%	1.16	228	72%
Plug Power, Inc. NASDAQ:PLUG	2H	+220%	1.11	178	72%

⚠Selected after the fact: these are the best 5 of 880 runs, not what to expect from this strategy.

Is CHOP Zone Entry Strategy + DMI/PSAR Exit profitable?

Not reliably, based on our tests. Across 880 backtests, 1 of 100 with more than 15 trades pass our quality gate. The best result is +1,334% on Tilray Brands, Inc. - Class 2 (1H, 187 trades). On average, its results are statistically indistinguishable from chance (p = 0.43).

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