OPEN-SOURCE SCRIPT
Stochastic Crossover with Arrows & Alerts [TED]
This indicator plots the Stochastic Oscillator’s %K and %D lines on the chart with additional visual cues and alerts for crossovers. It’s designed to identify potential trend reversals using Stochastic oscillator crossovers, with easy-to-read arrow markers and custom alert conditions.
Features:
Stochastic %K and %D Plot: Displays the %K and %D lines of the Stochastic Oscillator for overbought/oversold conditions.
Visual Cues: Small green upward arrows for bullish crossovers and red downward arrows for bearish crossovers, displayed directly on the chart.
Overbought/Oversold Levels: Highlights the 80 (Overbought) and 20 (Oversold) levels, with a middle band at 50, allowing you to easily spot extreme conditions.
Alerts: Receive real-time notifications when crossovers happen on the current or previous bar, ensuring you never miss a potential entry or exit signal.
Customizable Periods: Allows you to adjust the %K, %D, and smoothing periods according to your trading preferences.
How It Works:
Bullish Crossover (Green Triangle): When the %K line crosses above the %D line, signaling potential upward momentum.
Bearish Crossover (Red Triangle): When the %K line crosses below the %D line, signaling potential downward momentum.
Alerts: Get notifications for crossovers on the current or previous bar to stay ahead of the market.
Features:
Stochastic %K and %D Plot: Displays the %K and %D lines of the Stochastic Oscillator for overbought/oversold conditions.
Visual Cues: Small green upward arrows for bullish crossovers and red downward arrows for bearish crossovers, displayed directly on the chart.
Overbought/Oversold Levels: Highlights the 80 (Overbought) and 20 (Oversold) levels, with a middle band at 50, allowing you to easily spot extreme conditions.
Alerts: Receive real-time notifications when crossovers happen on the current or previous bar, ensuring you never miss a potential entry or exit signal.
Customizable Periods: Allows you to adjust the %K, %D, and smoothing periods according to your trading preferences.
How It Works:
Bullish Crossover (Green Triangle): When the %K line crosses above the %D line, signaling potential upward momentum.
Bearish Crossover (Red Triangle): When the %K line crosses below the %D line, signaling potential downward momentum.
Alerts: Get notifications for crossovers on the current or previous bar to stay ahead of the market.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.