OPEN-SOURCE SCRIPT

CASH TRAP OSILADORES

For Best Results, Collect Minimum of 4 Confirmations. When the Relative Strength Index is above the top line, look for sales. If it is below the bottom line, Find purchases.
If the Stochastic Oscillator is above the upper line, look for sales, If it is below the bottom line, look for purchases. (also applying price action and looking for bounce points)

PARAMETERS

RSI= 4 (70,30)

STOCH= 5/1/1 (80,20)
OscillatorsRelative Strength Index (RSI)Stochastic Oscillator

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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