elgrand

Elgrand - Overbought/sold Rsi + Stochastic zones

Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit
Sep 01
Versionshinweise: Update :
  • Upgraded to use version 4 of Pinescript
    Added and extra timeframe which will show in yellow on your chart : this way you can decide to enter exit if 1H overbought/oversold is also happening on the 4H timeframe. Idea is that this will lower your entry/exit risk.

Todo :
  • Make the parent timeframe display optional
    Be able to choose per timeframe which parent timeframe you would like to use
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