MM Chop Filter

Based On the "Chop and explode Indicator by fhenry0331

We Updated to Pine 5

- Added break out alerts and Signals
-Customize thresholds

How To use

when the line is blue confirmed Buy
Line is Red confirmed Sell

ALWAYS use in confirmation with your strategy and Trade with the trend.

Match with the on chart version for best results

Open-source script

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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?