Scoring Development Sample [BigBitsIO] — Indicator by BigBitsIO

oscillator relativestrengthindex stochasticrsi scoring sample tutorial forloop points confidence weight

This script shows a sample of how to do confidence weighted scoring indicators and for loops with Pine. This indicator may or may not be found useful, it's intent is to provide a sample on how to create such an indicator and use certain Pine features.

Features:
- Defined points based on the confidence of RSI and Stochastic indicator
- Defined points based on candle color and sma trend direction

- For loops used to calculate bonus points for "extended periods" of confidence.

*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***

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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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