INVITE-ONLY SCRIPT
GBTT Magic Line
Updated
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!
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!
Release Notes
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. Release Notes
Updated the UI only to not conflict with other tools color wise. Changed the default colorsRelease Notes
updated the tick table to show TickQ over Tick when you are viewing QQQ or NQ Release Notes
added optional parameters and version number in the settings. Functionality unchanged. Release Notes
minor text tweak Release Notes
added optional average value line, shows the average value of the magic line. Same concept as the "D" line on stochastic oscillators Release Notes
added Extreme Condition alert option Invite-only script
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Author's instructions
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