Tutorial05

Stochastic RSI w/ Crossover Alerts (by WJ)

Tutorial05 Updated   
NOTE:
// STOCH RSI CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT

This is the normal default built-in Stochastic RSI indicator which I have added some stuff for visual aid:
  • Added middle line (50)
  • Stoch RSI background turns green when K line crosses D line UPWARDS, K line is below the 50 level, and price is above 200 EMA
  • Stoch RSI background turns red when K line crosses D line DOWNWARDS, K line is above the 50 level, and price is below 200 EMA

  • Alert notification on the crossover candle with background colour change conditions met
Release Notes:
- Added OB/OS only crossover alerts (remember to disable the one you don't want as both are on by default)
Release Notes:
FIxed a mistake in upper and lower band value
Release Notes:
Fixed alert naming
Release Notes:
1. Better way to toggle alerts on/off now
2. You can now choose alerts to display with different MA filters: EMA, WMA, SMA, None.

Please let me know if there are any bugs especially on the Alerts itself.
Release Notes:
K line filter changed to D line instead to give a more accurate signal
Release Notes:
Changed it back to K line detection as it's better, apologies for the confusion and trouble of re-adding the indicator
Release Notes:
Changed to both K and D lines as it seems to be the best solution
Release Notes:
Added toggleable background colour change when k line crosses 50
Release Notes:
Re-publishing as I accidentally updated this with the Stochastic instead.
Release Notes:
Updated some stuff
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.

Disclaimer

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.

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