CHOP_LRSI_V1 — Indicator by mrx_the_unknown

Oscillators CHOP lrsi

oscillator chop lrsi

RSI in Laguerre Time with Embedded Fractal Energy

Includes all features of the CHOP_LRSI indicator
Added possibility to select 5x or 25x factor for HTF
All advanced features deactivated by default
Added LRSI crossover/crossunder alert conditions

Release Notes:

Corrected a smal bug in the calculation of the LRSI signal.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?