Thlem

MY:TDI/STOCH

600 vues
60
█ MY TDI / STOCH INDICATOR
This indicator shows a panel to display the Oversold and Overbought zones based on TDI and STOCHASTIC

The panel contains multiple elements :
• The top straight band : The STOCHASTIC overbought area
• The bottom straight band : The STOCHASTIC oversold area
• The middle waving band : The TDI Bollinger Bands
• The RSI line in Yellow
• 6 STOCHASTIC Lines : Period 15, 32 and 50

Behavior :
• When the STOCHASTIC lines are in the overbought area, their color changes from GRAY to RED
• When the 6 STOCHASTIC lines are in the overbought area, the top band background changes from GRAY to RED
• When the STOCHASTIC lines are in the oversold area, their color changes from GRAY to GREEN
• When the 6 STOCHASTIC lines are in the overbought area, the top band background changes from GRAY to RED
• When the RSI line is BELOW the Bollinger Bands , and with an oversold RSI , the line's color changes from YELLOW to GREEN
• When the RSI line is BELOW the Bollinger Bands , and with an oversold RSI , the Bollinger Bands changes from GRAY to GREEN
• When the RSI line is ABOVE the Bollinger Bands , and with an overbought RSI , the line's color changes from YELLOW to RED
• When the RSI line is ABOVE the Bollinger Bands , and with an overbought, the Bollinger Bands changes from GRAY to RED

A buy signal is when both Bollinger Bands background and Top+Bottom bands background are GREEN
A sell signal is when both Bollinger Bands background and Top+Bottom bands background are RED

THIS INDICATOR IS NOT BULLET PROOF, IT ONLY GIVES AN INDICATION ON POTENTIAL REVERSAL DUE TO OVERSOLD OR OVERBOUGHT.
IT IS NOT BECAUSE IT TRIGGERS A BUY OR SELL SIGNAL, THAT THE PRICE WON'T CONTINUE IN THE SAME DIRECTION FOR A COUPLE MORE CANDLES.
DON'T USE THIS INDICATOR BLINDLY, FOLLOW YOUR OWN ANALYSIS, AND USE THIS INDICATOR AS CONFIRMATION.


Alerts are available to notify you when a market is about (5min) to close or open.
To create an alert
• Open your chart
• Right click on the chart window
• Add Alerts for...
• Condition: chose My:TDI/ STOCH - {{ticker}} - {{interval}} - Buy (for example)
• Options : Once per bar
• (OPTIONAL) update the title and description
• Validate
Notes de version: Update initial config default
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

Amazing!
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Thlem HendrikCarl
@HendrikCarl, thanks hope it's useful for you. Reminder : Don't use it as a signal but use it as a confirmation :)
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