Chop Zone Histogram Nitin 5M

This script is a custom version of the “Chop Zone” indicator.

It measures the angle/slope of the 34 EMA and colors a histogram based on trend strength and direction.

The idea is:

• 
  Strong upward EMA slope → bullish colors
  
• 
  Strong downward EMA slope → bearish colors
  
• 
  Flat EMA slope → yellow (choppy/ranging market)