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...
Combines SuperTrend with Stochastic Oscilator to provide entry and exit signals.
Offers 3 types of entry signals with an option to color ideal entry bars.
- Entry after SuperTrend flip confirmation.
- Entry at over bought/oversold levels respective to the trend.
- Entry at the 50% stochastic level following trend direction.
Offers two types of exit signals.