CHOCH-Base Indikator (RUNA logic): Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

CHOCH-Base Indikator (RUNA logic) calculates fast and slow EMAs, RSI, ATR volatility filters, and sweep lookback to detect breakouts and pullbacks. Signals trigger entries with customizable risk percentage, reward-risk ratio, and partial TP levels. HTF EMA filter and ADX trend confirmation are optional. The script draws tags, ping markers, and structure lines directly on the price chart. Main settings control EMA periods, volatility multipliers, swing detection, and trade management parameters like stop ATR and time-based exits. It repaints on the live bar and has no built-in exit rules.

CHOCH Signals
Market Structure
EMA Trend Filter
SMC Breakout
Volatility Filter

Details

Published by

skipp-dev on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)

File

pine/legacy/CHOCH-Base_Indikator.pine

Repository

github.com/skipp-dev/skipp-algo. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Strategy Preset	`string`	`Balanced`	`presetMode`
Fast EMA	`int`	`23`	`fastEMA`
Slow EMA	`int`	`55`	`slowEMA`
RSI Length	`int`	`15`	`rsiLen`
ATR Length	`int`	`14`	`atrLen`
Volatility Filter Multiplier	`float`	`1.16`	`volMult`
Risk % per trade	`float`	`0.5`	`riskPct`
Reward/Risk Ratio	`float`	`1.5`	`rr`
Sweep Lookback	`int`	`10`	`lookback`
Pullback Bars	`int`	`3`	`pullbackBars`
Use HTF Filter	`bool`	`false`	`useHtf`
HTF Timeframe	`timeframe`	`60`	`htfTf`

Show all 40 settings

Setting	Type	Default	Variable
HTF EMA Length	`int`	`50`	`htfEmaLen`
HTF Mode	`string`	`EMA`	`htfMode`
Max Notional as % of Equity	`float`	`0.98`	`cashBufferPct`
Round qty to step	`bool`	`true`	`roundQty`
Qty step (e.g. 0.00001)	`float`	`0.00001`	`qtyStep`
TP1 at R multiple (partial)	`float`	`1.0`	`tp1_R`
TP1 % size (0 = off)	`float`	`30`	`tp1_pct`
Break-even start (R)	`float`	`1.0`	`beStartR`
Trail start (R)	`float`	`1.5`	`trailStartR`
Trail ATR mult	`float`	`1.0`	`trailATRmult`
Stop ATR mult	`float`	`1.5`	`stopAtrMult`
Use CHoCH Verify flip as exit	`bool`	`false`	`useChochFlipExit`
Time-stop bars (Soft)	`int`	`30`	`timeStopBars`
Min progress by time-stop (R)	`float`	`1.0`	`progressR`
Hard max bars (Force close)	`int`	`120`	`hardMaxBars`
Catastrophe Stop (R)	`float`	`2.5`	`catastropheR`
Cooldown bars after win/BE	`int`	`30`	`cooldownBars`
Cooldown bars after loss	`int`	`60`	`lossCooldownBars`
Enable Short Trades	`bool`	`false`	`allowShorts`
Swing L	`int`	`3`	`ms_swingL`
Swing R	`int`	`2`	`ms_swingR`
Swing max age (bars, 0=off)	`int`	`0`	`ms_maxAge`
Breakout source	`string`	`Wick`	`ms_breakSrc`
Structure logic	`string`	`SMC+Sweep`	`ms_logic`
ChoCH mode	`string`	`Ping`	`ms_mode`
Use ADX trend filter	`bool`	`false`	`useAdxFilter`
ADX length	`int`	`14`	`adxLen`
ADX threshold	`float`	`20.0`	`adxThreshold`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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