OPEN-SOURCE SCRIPT
Sto2 Indicator BF
Updated
This is an indicator version with alerts for my Sto2 RSI Bitcoin strategy.
There are 2 alerts, one for a long condition and one for a short condition.
CRITERIA FOR ALERTS:
I have altered the plotting slightly to better suit an indicator.
There are 2 alerts, one for a long condition and one for a short condition.
CRITERIA FOR ALERTS:
- Long condition happens when the k value of the Stochastic RSI crosses above the d value AND the Rate of Change formula shows we are not going sideways
- Short condition happens when the k value of the Stochastic RSI crosses below the d value AND the Rate of Change formula shows we are not going sideways
I have altered the plotting slightly to better suit an indicator.
- Green background = long signal
- Red background = short signal
- White background = no trade/sideways zone
Release Notes
Added bar colors to identify signals on the chart - blue = long, yellow = short, grey = sidewaysOpen-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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