I am doing a college class project on image processing. This is my original image: 
So, here comes my solution. I partially modified your (initial) code to my preferred naming, etc. Also, I commented all the stuff, I added.
import cv2
import numpy as np
image = cv2.imread('images/example.png')
gray = cv2.cvtColor(image, cv2.COLOR_BGR2GRAY)
_, thresh = cv2.threshold(gray, 127, 255, cv2.THRESH_BINARY_INV + cv2.THRESH_OTSU)
kernel = np.ones((5, 5), np.uint8)
img_dilated = cv2.dilate(thresh, kernel, iterations = 1)
cnts, _ = cv2.findContours(img_dilated.copy(), cv2.RETR_EXTERNAL, cv2.CHAIN_APPROX_SIMPLE)
# Array of initial bounding rects
rects = []
# Bool array indicating which initial bounding rect has
# already been used
rectsUsed = []
# Just initialize bounding rects and set all bools to false
for cnt in cnts:
rects.append(cv2.boundingRect(cnt))
rectsUsed.append(False)
# Sort bounding rects by x coordinate
def getXFromRect(item):
return item[0]
rects.sort(key = getXFromRect)
# Array of accepted rects
acceptedRects = []
# Merge threshold for x coordinate distance
xThr = 5
# Iterate all initial bounding rects
for supIdx, supVal in enumerate(rects):
if (rectsUsed[supIdx] == False):
# Initialize current rect
currxMin = supVal[0]
currxMax = supVal[0] + supVal[2]
curryMin = supVal[1]
curryMax = supVal[1] + supVal[3]
# This bounding rect is used
rectsUsed[supIdx] = True
# Iterate all initial bounding rects
# starting from the next
for subIdx, subVal in enumerate(rects[(supIdx+1):], start = (supIdx+1)):
# Initialize merge candidate
candxMin = subVal[0]
candxMax = subVal[0] + subVal[2]
candyMin = subVal[1]
candyMax = subVal[1] + subVal[3]
# Check if x distance between current rect
# and merge candidate is small enough
if (candxMin <= currxMax + xThr):
# Reset coordinates of current rect
currxMax = candxMax
curryMin = min(curryMin, candyMin)
curryMax = max(curryMax, candyMax)
# Merge candidate (bounding rect) is used
rectsUsed[subIdx] = True
else:
break
# No more merge candidates possible, accept current rect
acceptedRects.append([currxMin, curryMin, currxMax - currxMin, curryMax - curryMin])
for rect in acceptedRects:
img = cv2.rectangle(image, (rect[0], rect[1]), (rect[0] + rect[2], rect[1] + rect[3]), (121, 11, 189), 2)
cv2.imwrite("images/result.png", image)
For your example
I get the following output
Now, you have to find a proper threshold to meet your expectations. Maybe, there is even some more work to do, especially to get the whole formula, since the distances don't vary that much.
Disclaimer: I'm new to Python in general, and specially to the Python API of OpenCV (C++ for the win). Comments, improvements, highlighting Python no-gos are highly welcome!