indica

101
//version=5
indicator("Custom ABCD with Stochastic", overlay=true)

k = ta.stoch(close, 14, 3, 3)
d = ta.sma(k, 3)
hline(80, "Overbought", color=color.red)
hline(20, "Oversold", color=color.green)

plot(k, color=color.blue, linewidth=2)
plot(d, color=color.orange, linewidth=2)

bgcolor(close >= 2720 and close <= 2740 ? color.new(color.purple, 90) : na)

lineB = line.new(x1=bar_index[20], y1=2700, x2=bar_index[40], y2=2750, color=color.blue, width=2)
lineC = line.new(x1=bar_index[40], y1=2750, x2=bar_index[60], y2=2720, color=color.blue, width=2)
lineD = line.new(x1=bar_index[60], y1=2720, x2=bar_index[80], y2=2760, color=color.blue, width=2)

label.new(bar_index[20], 2700, text="B", style=label.style_labeldown, color=color.white)
label.new(bar_index[40], 2750, text="C", style=label.style_labelup, color=color.white)
label.new(bar_index[60], 2720, text="D", style=label.style_labeldown, color=color.white)

support_level = 2700
resistance_level = 2750
line.new(bar_index[1], support_level, bar_index[200], support_level, color=color.green, width=1)
line.new(bar_index[1], resistance_level, bar_index[200], resistance_level, color=color.red, width=1)


if (ta.crossover(k, d) and k < 20)
label.new(bar_index, high, "Buy", style=label.style_labeldown, color=color.green)
if (ta.crossunder(k, d) and k > 80)
label.new(bar_index, low, "Sell", style=label.style_labelup, color=color.red)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.