Stock Market Sherpa by Keiron Richie

This indicator is tested with 15minute charts to provide indication of relative strength, stochastic and market strength displayed as a combined oscillator with buy and sell alerts, in the form of an awesome mountain range. Use of these indicators is at your own risk.

Release Notes

Slight visual changes and renamed alert descriptions. Enjoy. Let me know if you have any feedback :) Keiron

Release Notes

When the market is climbing your mountain Sherpa starts his walk up from a green flag. When the market begins to fall our little Sherpa plants a red flag and slips off down the glacier, ready to start his climb again.

A part of the code uses security calls to obtain true strength of the Nasdaq, S&P and VIX in order to obtain market strength as a whole. This is combined with Stochastics and RSI to give a clever visual that works and also has alerts built in.
This uses same timeframe security calls in this version 4 code but mitigated any repainting.

Let me know what you think :)

KeironRichie

Release Notes

Minor edit - hline colour changes.

Release Notes

minor update

Release Notes

Added the function to change the slow/fast moving averages in the settings.

Added a third alert for "change" to show consolidated buy or sell alert occurrences - allows for one alert to be used per symbol instead of two.

Release Notes

Fixed bad code.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

VentureWealth

Also on:

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

VentureWealth

Also on: