trading-guide

Stochastic & RSI

This script is a simple extension of the Built-In Stochastic RSI that also plots the RSI and prints the values of ATR and ADX of the last bar of the current timeframe to a small table in the corner.

The script can be used to define the entry for a trade when the stochastics crossed and RSI is below or above 0.50 (for going long or short).

BTCUSD

I like to use the Stochastics and RSI indicators for pullback strategies, and with this inidcator you dont have to add both indicators to your setup. The ATR can be used to define the value of your stop-loss and the ADX (e.g. > 25) give you a hint for the strength of the current trend.
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Set the decimals of the ATR to 4 digits
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Stochastics separated from RSI and color option for RSI added
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Update name and chart
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Stochastics based on RSI, not close, low and high
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Add alerts for overbought and oversold entries
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Register alert for overbought or oversold
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Typo corrected
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Typo
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Alert on stochastics cross when oversold or overbought
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Upper and lower level of bands as input
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Length RSI and stochastics separated
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Second RSI added for longer term momentum and trend
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RSI-based EMA added

To access my invite-only indicators you have to become a TG Member on my patreon: www.patreon.com/TradingGuide
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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