It is common knowledge that most traders lose money by leaving trends too early and not letting profits run. Chop Filter attempts to paint over wrong-colored candles which might psychologically cause traders to bail off the trend. It also tries to detect potential trend reversals (experimental).
How it works. Chop Filter highlights wicks with a shaded background...
This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5...
Example how to color the trigger bar of the condition and n-1 prior bars using only 1 barcolor() function.
Currently when offsets are used in barcolor(), bgcolor(), plot(), plotarrow(), plotchar(), or plotshape(), the offset only works with a simple (static) integer. If series (dynamic) integers are used instead, there is not an error, but the series values are...
