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OPEN-SOURCE SCRIPT

CHOP_LRSI

By mrx_the_unknown
Updated
Combined CHOP and LRSI indicator.
Release Notes
Combined CHOP and LRSI indicator.
Release Notes
No change. Update due to problems seeing this indicator published.
Release Notes
  • Typo in Input dialog
  • Changed energy level threshold from 45 to 55
Release Notes
  • Mentioned ReadySetCrypto readysetcrypto.com
  • Added lower energy level and crossover
  • Fixed levels for upper and lower levels for CHOP and LRSI
  • Tiny circles
  • Minor code changes
Release Notes
LRSI: Added optional smoothing and coloring
Release Notes

  • Added additional alerts:
  • "Long: Low Energy"
    Alert when CHOP > Lower Energy Threshold (Default 45) AND LRSI Crossover
  • "Short: Low Energy"
    Alert when CHOP > Lower Energy Threshold (Default 45) AND LRSI Crossunder
  • "Long: High Energy"
    Alert when CHOP > Upper Energy Threshold (Default 55) AND LRSI Crossover
  • "Short: High Energy"
    Alert when CHOP > Upper Energy Threshold (Default 55) AND LRSI Crossunder
Release Notes

  • Multi Timeframe Support
  • Added CHOP coloring using multi timeframes (HTF is automatically determined depending on current timeframe)
  • Added Support of HTF CHOP
  • Added Upper and Lower Energy Threshold for HTF CHOP
  • Removed LRSI smoothing
  • Mutlti timeframe alerts
Release Notes
Added trend indication
Release Notes
  • Introduced functions to make code easier to maintain
  • Precison set to 2
  • New Gamma Offset for LRSI
  • Trend indication responsiveness
Release Notes
  • Added RSC style 5x factor for multi timeframes
  • Added BTC up/down trend indication which can be shown as a green/red "B" below the indicator
  • Added volume indicator. EMA length and factor compared to previous candles can be configured
  • Added trend change and high volume alert
Release Notes
Corrected a smal bug in the calculation of the LRSI signal.
CHOPlrsiOscillators

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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mrx_the_unknown

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