• above 70
• %K above 70 or even
• Conversion line above baseline and price above the cloud
• High above the upper band
• above the signal line
Each condition gives 1 point if true or 2 points if it is also above 200
• below 30
• %K below 30 or even
• Conversion line below baseline and price below the cloud
• Low below the upper band
• below the signal line
Each condition gives -1 point if true or -2 points if it is also below 200
I still consider the script as in development, so if you have some ideas on how it could be improved or traded, let me know.
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.