sehweijun

Stochastic RSI w/ Crossover Alerts (by WJ)

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
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.

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Comments

Awesome indicator! It was just the one I was looking for. Thank you for helping out.
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@murpie, with pleasure
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Love the indicator! Could you make a specific alert for when it crosses in the over bought and over sold? Currently the alert is activated at any cross. Been able to have an alert for both long and short would be great!
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sehweijun rubberbandman13
@rubberbandman13, ok will do it when i find time
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sehweijun rubberbandman13
@rubberbandman13, hello i've just added it onto the updated version, remember to disable the middle crossover as both are on by default
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This is just what I was looking for -- thank you for sharing!
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sehweijun roboqueer
@roboqueer, with pleasure!
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Hi, how can I add an alert for buy and sell. BTW very good indicator that works fine.
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sehweijun Khaldoon131
@Khaldoon131, hello, create alert on your chart and select the indicator, the alert will appear
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