Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
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.
//@version=2 study("Stoch OverS/B alerts - squattter") smoothK = input(3, minval=1) smoothD = input(3, minval=1) lengthRSI = input(14, minval=1) lengthStoch = input(14, minval=1) src = input(close, title="RSI Source") rsi1 = rsi(src, lengthRSI) k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK) d = sma(k, smoothD) short = crossunder(k,d) and (k>80 or d>80) long = crossover(k,d) and (k<20 or d<20) null = (crossover(k,d) and (k>80 or d>80)) or (crossunder(k,d) and (k<20 or d<20)) plot(long, "Long", color=white, transp=0, linewidth=2) plot(short, "Short", color=maroon, transp=0, linewidth=2) plot(null, "NULL", color=orange)