OPEN-SOURCE SCRIPT

Chop and explode

80 492
The purpose of this script is to decipher chop zones from runs/movement/explosion

The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. tighter the better.

Loose chop (whip saw/yellow bars) will range between 40 and 60.

the move begins with blue bars for long and purple bars for short.

Couple it with your trading system to help stay out of chop and enter when there is movement. Use with "Simple Trender."

Best of luck in all you do. Get money.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。