LRSI Tickers - Compare Tickers/Sectors, Fractal Energy

My indicators can be found here: http://tinyurl.com/2s45cu6a

LRSI Tickers - Compare Tickers, Preloaded Sectors, optional Fractal Energy Self-Adjusting Gamma
Version 1.0 – 04/30/2023
This indicator displays Laguerre RSI columns with coloration based on LRSI level and direction.
• Compare up to 16 different tickers.
• Preloaded with SPY Sectors
• Color Logic
• Highlight extreme LRSI levels with Dots
• Fractal Energy / CHOP optional for self-adjusting gamma

NOTE: This indicator stacks columns on top of one another. Each ticker's column is plotted at a static height on the price scale. If selected, Ticker 16's height will plot at 16 on the price scale. Ticker 15 will be plot at 15 and sit on top of Ticker 16. Ticker 14 will plot at 14 and sit on top of Ticker 15 and so on. Ticker 1 will be at the very front of the stack. If you choose not to display all of the tickers you must start at the top and work your way down. Failure to do so will result in a display with tall, uneven columns.

This indicator is a companion indicator for Laguerre RSI Pro - MTF, Compare Symbols, Fractal Energy, Alerts.
https://www.tradingview.com/script/V6gZ1xTG-Laguerre-RSI-Pro-MTF-Compare-Symbols-Fractal-Energy-Alerts/

█ ABOUT
This indicator displays John F. Ehler’s Laguerre RSI (LRSI) in columns with coloration based on LRSI level and direction. Compare up to 16 different tickers, preloaded with SPY sectors, optional self-adjusting gamma using Fractal Energy (CHOP), color logic based on value and direction of LRSI, Dots highlight extreme LRSI levels. See links below in the “Resources” section to learn more about how to apply Laguerre RSI in your trading plan.

█ INTERPRETING LRSI
LRSI is bullish when crossing above .2. A bullish trend is confirmed when LRSI crosses above .8. A cross back below .8 is a bearish signal and you should be ready to exit long positions. The column turns light green when LRSI is rising and above .2. The column will turn dark green when LRSI is above .8.
LRSI is bearish when crossing below .8. A bearish trend is confirmed when LRSI crosses below .2. A cross back above .2 is a bullish signal and you should be ready to exit short positions. The column turns pink when LRSI is falling and below .8. The column turns red when LRSI is below .2.
LRSI values that are horizontal at 0 or 1 show the trend is strong with continuation. “Dots” are shown by default when LRSI is at these extreme values.
See links below in the “Resources” section to learn more about how to apply Laguerre RSI in your trading plan.

█ WHAT IS FRACTAL ENERGY/CHOP?
The CHOP used as Gamma for LRSI concept originated in 2016 as an indicator created by “Mobius” and titled “RSI Laguerre Self Adjusting with Fractal Energy”. FE/CHOP replaces the gamma level input in settings with the value of the Choppiness Index (CHOP). The term Fractal Energy is used in this indicator to prevent confusion for those already familiar with this concept. See links below in the “Resources” section to learn more about Fractal Energy levels.

█ USER INPUTS
Settings:

Gamma
• Choose gamma level for LRSI calculation. Default is .5. Lower will result in faster, choppier output. Higher will slow down the moves/swings. An auto adjusting gamma level can be obtained by selecting “Use Fractal Energy (CHOP) as Gamma level”.
Fractal Energy (CHOP):
Use Fractal Energy as Gamma level.
• Uses FE level as the gamma level for LRSI calculation.
FE Length
• Sets the length in bars for FE calculation. Default is 13. Lower length can be used intraday.
Show Ticker Label Only
• Displays Ticker Label Only. Hides extra text added in settings input.
Label Offset
• Adjusts positioning of the timeframe labels. A higher number will move the timeframe labels further to the right.
Levels Upper/Lower
• Used in calculations and display for the upper and lower extremes for LRSI level.

Color Logic:
LRSI >= and <= Level, Rising and Falling LRSI
• Colors for columns and lines. Rising and Falling colors only used in Columns Mode.

Show Dots if LRSI <.01 and >.99
• Displays a dot in the center of the column box if LRSI is at minimum or maximum values.

█ RESOURCES

How to Use Laguerre RSI or LRSI by OneOption on Youtube -https://youtu.be/vDn37rK5C0s

Revolutionary Indicators Reveal Tops & Bottoms on Youtube - https://youtu.be/XO2kpod3H14?t=697

RSI in Laguerre Time Self Adjusting With Fractal Energy Usage Notes - https://usethinkscript.com/threads/rsi-in-laguerre-time-self-adjusting-with-fractal-energy-usage-notes.219

"Time Warp - Without Space Travel" – John F. Ehlers - https://www.mesasoftware.com/papers/TimeWarp.pdf

█ SPECIAL THANKS
/u/IreliaONLYLOL - brainstorming and testing

█ NOTES
Indicator created by Jmu1 (TradingView) / Jmu#8784 (Discord).
From the author:
I am open to feedback/ideas for this script! Let me know how you use this indicator in your trading.