repo32

RSI Stochastic Extreme Combo alert

This script will give you red or green columns as an indication for oversold/overbought based upon the rsi and stochastic both being at extreme levels (you set). The default oversold is at 35. If Stochastic and RSI fall below 35, you will get a green column (Both indicators at the extreme). Play with your levels to see how your stock reacts. RSI and Stochastic can both be changed along with each of the levels you would like the color change. I have set mine at RSI low: 37, RSI high: 63, Stoch low: 10, and Stoch high: 90. These levels have been working well for me on AAPL . Enjoy and don't forget to leave a comment if it helps your trading or you have other ideas about what is working for you.
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//Created by Robert Nance on 6/26/15
//This script will give you red or green columns as an indication for oversold/overbought based
//upon the rsi and stochastic both being at certain levels. The default oversold is at 35.  If Stochastic
//and RSI fall below 35, you will get a green column.  Play with your levels to see how your stock reacts.

study(title="RSI Stochastic Combo alert", shorttitle="Rob RSI Stoch")

src = close, len = input(14, minval=1, title="RSI Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

length = input(14, minval=1, title="Stoch Length"), smoothK = input(1, minval=1, title="Stoch K")
k = sma(stoch(close, high, low, length), smoothK)

rsilow = input(35, title="rsi Low value")
rsihigh = input(65, title="rsi High value")
stochlow = input(35, title="stochastic Low value")
stochhigh = input(65, title="stochastic High value")
Buy=rsi<rsilow and k<stochlow
Sell=rsi>rsihigh and k>stochhigh
plot(Buy,  title= "Buy", style=columns, color=lime)
plot(Sell,  title= "Sell", style=columns, color=red)

Comentários

hi @repo32 i try plot this onto my chart 1hr and daily for stockmarket and it doesn't show the Stochastic & RSI line. all it shown is the red and green bar on the bottom which I can interpret as oversold/overbought indication, I am searching for a good indicator which combine RSI + Stochastic + MACD in 1 indicator, would appreciate if anyone have suggestion for an indicator which combine those 3 in altogether. Thank you. I am mostly in stock market swing trades. Thank you.
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Hola sabes donde puedo conseguir para probar este indicador?
Grácias
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repo32 ana95
@ana95, Simplemente instálelo y úselo. Gratis.
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New here -- can someone explain how to use this script (or any script for that matter)? I can't seem to find it anywhere on my page after I added it to "Favorite Script" (I can't find "Favorite Scripts") and I don't know where/how to insert this script to make it work .. thx
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repo32 bradhartliep
@bradhartliep, Right click inside the chart. Click on Insert Indicator. The list will begin with Favorites. Your saved indicators will be in there.
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Man I love this... do you trade binary options or just forex?
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repo32 rich15stan
I think you may be looking at the first person to comment on my script. Grahvity. He apparently does Forex. I do stocks and options. I hope the script works well for your situation. Report back how it does. Enjoy.
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Man its great for binary options along with forex, man you saved my life with this. thanks a lot.
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repo32 rich15stan
Any way for you to post a chart? Would love to see it. Thanks.
+1 Resposta
I'm still new to this site, so I'm not real sure on how to post a chart yet. but when I learn I will. Is it possible to code this in with another indicator? I want to try and make it as simple as possible. I found that if this indicator with another one at points they show perfect buy and sell signals.
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