OPEN-SOURCE SCRIPT
Super Stochastic
Added Features (Originality Enhancements)
Divergence Detection: Instead of relying solely on price action for "BUY/SELL" signals, we've integrated an algorithm that identifies discrepancies between price movement and the oscillator. This helps in spotting potential trend reversals before they happen.
Alarm System: We have added code and features that allow you to set alerts based on Buy and Sell conditions directly on the indicator. You can now easily catch signals and set up alerts.
Dynamic Background & Alert Infrastructure: To enhance visual clarity, we’ve added dynamic background coloring for trend changes. Additionally, the script includes a robust alert system compatible with trading bots and real-time notifications.
Refined Signal Logic: The downward momentum triggered when the %K line crosses below the %D line at peaks has been redesigned for higher clarity and directly reflected on the %K line.
User-Friendly Visuals: Added "Buy" and "Sell" labels to help traders—especially beginners—identify entry and exit points more easily within extreme zones.
Improved Navigation: Made it simpler for new traders to capture market movements effectively.It enables novice traders to capture buy and sell opportunities more easily.
"It works best on the daily timeframe with settings of K: 14 / D: 3 / Smooth: 3."
Good Luck!
Divergence Detection: Instead of relying solely on price action for "BUY/SELL" signals, we've integrated an algorithm that identifies discrepancies between price movement and the oscillator. This helps in spotting potential trend reversals before they happen.
Alarm System: We have added code and features that allow you to set alerts based on Buy and Sell conditions directly on the indicator. You can now easily catch signals and set up alerts.
Dynamic Background & Alert Infrastructure: To enhance visual clarity, we’ve added dynamic background coloring for trend changes. Additionally, the script includes a robust alert system compatible with trading bots and real-time notifications.
Refined Signal Logic: The downward momentum triggered when the %K line crosses below the %D line at peaks has been redesigned for higher clarity and directly reflected on the %K line.
User-Friendly Visuals: Added "Buy" and "Sell" labels to help traders—especially beginners—identify entry and exit points more easily within extreme zones.
Improved Navigation: Made it simpler for new traders to capture market movements effectively.It enables novice traders to capture buy and sell opportunities more easily.
"It works best on the daily timeframe with settings of K: 14 / D: 3 / Smooth: 3."
Good Luck!
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.