OPEN-SOURCE SCRIPT
Stochastic Color
Stochastic Color. A momentum indicator that compares a particular closing price of an asset to a range of its prices over a specific period of time. It helps identify overbought and oversold conditions in the market. The indicator ranges from 0 to 100, with readings above 80 typically considered overbought and readings below 20 considered oversold. It is often used to anticipate potential price reversals.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.