This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v6 · Own pane
LuxAlgo Chaos Weighted RSI
This indicator calculates a Chaos Weighted RSI that incorporates price chaos via a Fractal Dimension Index.
GitHub stars7on the repository
Pine versionv6current
Lines of code156
Settings10inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
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
LuxAlgo Chaos Weighted RSI plots the resulting RSI line in a separate pane along with background fills for overbought and oversold conditions. Bullish and bearish divergences are detected based on pivot points with configurable strength. Main settings control the RSI length, disorder lookback, weight sensitivity, divergence strength, and visual elements like colors and transparency. The script signals potential reversals at extreme levels or divergence formations. It draws exclusively in a dedicated pane and functions as a standard oscillator without strategy exits or position sizing.
- Chaos Weighted RSI
- Fractal Dimension Index
- Adaptive EMA
- Divergence Detection
- Overbought Oversold Fills
Details
Published by
eddiebelaval on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsiLengthInput |
| Disorder Lookback | int | 20 | disorderLengthInput |
| Weight Sensitivity | float | 1.0 | sensitivityInput |
| Overbought Fill | color | color.new(BEAR_COLOR, 50) | overboughtColor |
| Oversold Fill | color | color.new(BULL_COLOR, 50) | oversoldColor |
| Background Transparency | int | 90 | transparencyInput |
| Divergence Strength | int | 20 | divStrengthInput |
| Show Bullish Divergence | bool | true | showBullDivInput |
| Show Bearish Divergence | bool | true | showBearDivInput |
| Show Divergence Lines | bool | true | showDivLinesInput |
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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