GBTT Magic Line

Overview:

This indicator merges concepts from RSI , Stochastic , and Stochastic RSI together and runs at a specific time period to look for potential oversold and overbought scenarios.

Intended use:

To provide educational content about the short term movement of an asset. Can be used on any time frame.

Disclaimer:

NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!

Notes de version:

Added option to show the TICK chart value on the side in a table, and changed the background shading to only show once the previous candle close is confirmed. This will eliminate any repainting/false positives that might happen on the live/real time candle.

Notes de version:

Updated the UI only to not conflict with other tools color wise. Changed the default colors

Notes de version:

updated the tick table to show TickQ over Tick when you are viewing QQQ or NQ

Notes de version:

added optional parameters and version number in the settings. Functionality unchanged.

Notes de version:

minor text tweak

Notes de version:

added optional average value line, shows the average value of the magic line. Same concept as the "D" line on stochastic oscillators

Notes de version:

added Extreme Condition alert option