Loro Vola Stop with RSI

2021년 1월 22일

This script shows the trend of an underlying based on a variation of the „Chandelier Stop" script from pipCharlie on TradingView.
Within the trend possible entry/exit zones are shown based on RSI2 overbought/oversold condition.

This type of trading setup is heavily used in the community of LoroTrader in Internet.

*Input Indicators:

- Trend Indicator:
VolaStop: Lookback Period, Multiplikator

- Oscillator Indicator:
RSI, RSI Upper-/Lowerlimit

- Display Control:
Display RSI Exit y/n ... Display ExitZone with green/red circles
Display RSI Confirmed Exit y/n ... Display EntrySignals after RSI hook from extrem with red/green arrows


*Output:

- Trend Indicator:
Green/red cross: VolaStop level

- Oscillator Zones:
Yellow cross: Pullback within trend
Green/red circles: Overbought/Sold zones

- Entry Signals:
Hook from extrem in trend direction

2021년 2월 19일

릴리즈 노트

Change ExitZone color
Add warning color orange

2021년 11월 22일

릴리즈 노트

Use close instead of high/low for stop calculation