to plot the indicator. The upper line is made by plotting stock price highs and the
lower line is made by plotting stock price lows. Essentially, the Chaos Bands
show an overall panorama of the price movement, as they filter out the insignificant fluctuations
of the stock price.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.
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.