MTF Stochastic CCI ALERT — Indicator by squattter

stochastic alert mtf squattter commoditychannelindex

Works good on 5 or 15min set to the 2hr or 4hr time frame.

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

Or just as a visual.

Best to use other factors to confirm but most of the time it does a pretty decent job.

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.

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.

Want to use this script on a chart?

study(title="MTF Stochastic CCI ALERT", shorttitle="Stoch CCI ALERT")
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")
resCustom = input(title="Timeframe", defval="120")
rsi1 = cci(src, lengthRSI)
k = security(tickerid, resCustom, sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK))
d = security(tickerid, resCustom, sma(k, smoothD))



short = crossunder(k,d)
long = crossover(k,d)
las = crossover(k,d) or crossunder(k,d)

plot(long, "Long", color=white, transp=0, linewidth=2) 
plot(short, "Short", color=red, transp=0, linewidth=2)
plot(las, "Long and Short", transp=100)