OPEN-SOURCE SCRIPT
OSC_SpecialK Beta_Pine3
A multiple signals|oscillators indicator based on custom stochrsi, custom BB% , CoG, Standard ChandeMoM,Standard overload RSI.
Work with all symbols. Requiert a correct volume source for SpK_Shadow and Fastsignal. (Some index have bad volume)
Legend :
Black Line : Standard ChandeMoM
Blue/Red Line : 14|9|3 StochRSI with sma called SpK
Black Squares : A fast and reactive signal (often a faster retracement, can be relativly horizontal or continuity trend with acceleration[its strength can be deduced by combining the other signals, notably the SpK_Shadow] ) Really reactive with low interval. (!!Volume dependance!!) called FastSignal.
Red/Green Squares: Need other signal for confirmation. Can be slow to trigger, especially with low interval.(It is important to be in the right trend) Called Signal T1|T2 (!!Volume dependance!!)
Tiny diamond (top/bottom of both section) : Standard RSI saturation
Tiny diamond (middle line of top section) : Center of Gravity signal (standard value I think). Can help to confirm an other signal.
Histogram|area: Work as a difference because it is. Called SpK_Shadow (It's like Peter Pan shadow's ) Can help to see the FastSignal end (when hist arrives near the middle). || In combination with SignalT1/T2 : When shadow is on the middle and you have T1|T2 signals a strong impulsion is possible. (Keep in mind the trend with the LargeTimeFrame[bottom section]) (!!Volume dependance!!)
Bottom Section is a Large TimeFrame of the top section, with a ratio. I use it to see the level of risk on the interval, according to the targets displayed by my overlay indicator. (OVL_Kikoocycle Beta_Pine3 )
By combining signals and oscillators, it is relatively easy to deduce good opportunities or avoid certain pitfalls. (Keep in mind this script was designed to be used with an overlay indicator, particulary my other script called OVL_Kikoocycle Beta_Pine3 (soon published ) )
Sorry if I do not use traders' common vocabulary...And for my dirty english.
Work with all symbols. Requiert a correct volume source for SpK_Shadow and Fastsignal. (Some index have bad volume)
Legend :
Black Line : Standard ChandeMoM
Blue/Red Line : 14|9|3 StochRSI with sma called SpK
Black Squares : A fast and reactive signal (often a faster retracement, can be relativly horizontal or continuity trend with acceleration[its strength can be deduced by combining the other signals, notably the SpK_Shadow] ) Really reactive with low interval. (!!Volume dependance!!) called FastSignal.
Red/Green Squares: Need other signal for confirmation. Can be slow to trigger, especially with low interval.(It is important to be in the right trend) Called Signal T1|T2 (!!Volume dependance!!)
Tiny diamond (top/bottom of both section) : Standard RSI saturation
Tiny diamond (middle line of top section) : Center of Gravity signal (standard value I think). Can help to confirm an other signal.
Histogram|area: Work as a difference because it is. Called SpK_Shadow (It's like Peter Pan shadow's ) Can help to see the FastSignal end (when hist arrives near the middle). || In combination with SignalT1/T2 : When shadow is on the middle and you have T1|T2 signals a strong impulsion is possible. (Keep in mind the trend with the LargeTimeFrame[bottom section]) (!!Volume dependance!!)
Bottom Section is a Large TimeFrame of the top section, with a ratio. I use it to see the level of risk on the interval, according to the targets displayed by my overlay indicator. (OVL_Kikoocycle Beta_Pine3 )
By combining signals and oscillators, it is relatively easy to deduce good opportunities or avoid certain pitfalls. (Keep in mind this script was designed to be used with an overlay indicator, particulary my other script called OVL_Kikoocycle Beta_Pine3 (soon published ) )
Sorry if I do not use traders' common vocabulary...And for my dirty english.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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