squattter

StochRSI overSold/Bought alerts - by squattter

Depending on the new trend - Fisher 100 crossing 0;

Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"

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.

Want to use this script 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)