MC RSI + Stoch (multi-level bands)

vor 15 Stunden

This indicator combines RSI and Stochastic Oscillator into a single panel for easier market analysis. It is designed for traders who want both momentum context and precise timing, with multiple reference levels for better decision-making.

🔧 Features

RSI (Relative Strength Index) with adjustable length (default 14).

Stochastic Oscillator (default 18, 9, 5) with smoothing applied to %K.

Both oscillators plotted in the same scale (0–100) for clear comparison.

Custom horizontal levels:

10 & 90 (purple)

20 & 80 (teal)

30 & 70 (blue)

40 & 60 (gray)

50 midline (red) for balance point reference.

Optional shaded band between 20–80 for quick visualization of momentum extremes.

Toggle switches to show/hide RSI or Stochastic independently.

🎯 How to Use

RSI gives the overall momentum strength.

Stochastic provides faster entry/exit signals by showing short-term momentum shifts.

Use the multi-level bands to identify different market conditions:

10/90 = Extreme exhaustion zones.

20/80 = Overbought/oversold boundaries.

30/70 = Secondary confirmation levels.

40/60 = Neutral momentum bands.

50 = Midline equilibrium.

vor 13 Stunden

Versionshinweise

This indicator combines RSI and Stochastic Oscillator into a single panel for easier market analysis. It is designed for traders who want both momentum context and precise timing, with multiple reference levels for better decision-making.

🔧 Features

RSI (Relative Strength Index) with adjustable length (default 14).

Stochastic Oscillator (default 18, 9, 5) with smoothing applied to %K.

Both oscillators plotted in the same scale (0–100) for clear comparison.

Custom horizontal levels:

10 & 90 (purple)

20 & 80 (teal)

30 & 70 (blue)

40 & 60 (gray)

50 midline (red) for balance point reference.

Optional shaded band between 20–80 for quick visualization of momentum extremes.

Toggle switches to show/hide RSI or Stochastic independently.