PROTECTED SOURCE SCRIPT

Stochastic & RSI Oscillator with Signals (Custom by TitikSona)

57
📊 Overview
The Stochastic & RSI Oscillator with Signals is an educational trading tool that combines two Stochastic oscillators with an RSI filter, and highlights potential market conditions using visual signals. It provides a multi-layered view of short-term and long-term momentum, helping traders observe overbought and oversold areas with visual markers.

⚙️ Core Components
1. Dual Stochastic System
- Stochastic 1 (Fast): K=12, D=3, Slowing=20
- Stochastic 2 (Slow): K=100, D=8, Slowing=8
- Provides both short-term and longer-term momentum perspectives

2. RSI Filter
- 26-period RSI with adjustable upper (default 70) and lower (default 30) levels
- Highlights neutral, overbought, and oversold conditions

🎯 Signals & Visualization
- Buy Signal: Both Stochastic lines indicate oversold AND RSI is within the defined range
- Sell Signal: Both Stochastic lines indicate overbought AND RSI is within the defined range
- Signals are displayed as green (BUY) and red (SELL) triangles on the oscillator window
- Labels show current Stochastic and RSI values for each signal
- Alerts can be enabled to notify when conditions are met
- Background shading indicates potential overbought (red) or oversold (green) zones
- A table displays real-time indicator readings and signal status

💡 How to Use
- Observe signals as informational markers, not guaranteed entry points
- Compare fast vs. slow Stochastic readings to understand short-term vs. long-term trends
- Use RSI to confirm whether market momentum is moderate
- Combine with other technical analysis tools, such as support/resistance, trendlines, or price action for context

⚠️ Risk Management
- This indicator is **educational** and does not guarantee profitable trades
- Always practice proper position sizing and risk control
- Test thoroughly in demo or paper trading environments before live application

🆓 Open & Free
- Fully open-source and free to use or modify for learning purposes

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.