OPEN-SOURCE SCRIPT
Stoch RSI Buy/Sell Signals with Alerts
This color code helps a novice know when to buy and when to sell
What Each Section Does
Header: //version=5 tells TradingView which Pine Script version to use.
Indicator setup: indicator("Stoch RSI Buy/Sell Signals with Alerts", overlay=false) names your script and sets it to plot in a separate panel.
Inputs: Adjustable parameters for RSI length, Stoch length, and smoothing. You can tweak these in the settings panel.
Calculations: Builds RSI, then Stoch RSI, then smooths into %K and %D lines.
Signals: Defines buy (green) and sell (red) conditions based on crossovers and thresholds.
Color logic: Dynamically changes the %K line color (green/red/gray).
Plots: Draws %K (colored) and %D (blue) lines.
Background shading: Adds light green/red shading when signals fire for easy visual scanning.
Alerts: Pops up TradingView alerts when buy/sell conditions trigger, so you don’t miss them.
✅ Publishing Notes
Paste this into a new blank Pine Script editor starting at line 1.
Save and add it to your chart.
You’ll see the %K line flip colors, background shading, and alerts firing when conditions are met.
What Each Section Does
Header: //version=5 tells TradingView which Pine Script version to use.
Indicator setup: indicator("Stoch RSI Buy/Sell Signals with Alerts", overlay=false) names your script and sets it to plot in a separate panel.
Inputs: Adjustable parameters for RSI length, Stoch length, and smoothing. You can tweak these in the settings panel.
Calculations: Builds RSI, then Stoch RSI, then smooths into %K and %D lines.
Signals: Defines buy (green) and sell (red) conditions based on crossovers and thresholds.
Color logic: Dynamically changes the %K line color (green/red/gray).
Plots: Draws %K (colored) and %D (blue) lines.
Background shading: Adds light green/red shading when signals fire for easy visual scanning.
Alerts: Pops up TradingView alerts when buy/sell conditions trigger, so you don’t miss them.
✅ Publishing Notes
Paste this into a new blank Pine Script editor starting at line 1.
Save and add it to your chart.
You’ll see the %K line flip colors, background shading, and alerts firing when conditions are met.
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.