PROTECTED SOURCE SCRIPT
Double Stochastic & RSI Signals (Custom by TitikSona)
📊 Overview
Dual Stochastic RSI Oscillator is an educational trading tool designed to help users analyze market momentum using two Stochastic oscillators combined with an RSI filter. This indicator provides a multi-layered view of short-term and long-term momentum, assisting traders in observing potential entry and exit areas based on technical analysis concepts.
⚙️ Core Components
1. Dual Stochastic System
- Fast Stochastic: K=12, D=3, Slowing=20 (captures short-term momentum)
- Slow Stochastic: K=100, D=8, Slowing=8 (captures longer-term trends)
- Provides perspective on both immediate and sustained price movements
2. RSI Filter
- 26-period RSI with 30-70 thresholds
- Acts as a filter to help identify times when the market is within a neutral range
🎯 Observing Signals
- The indicator highlights potential areas where momentum conditions may align:
- Lower oscillator zone: indicates potential oversold conditions
- Upper oscillator zone: indicates potential overbought conditions
- Triangles appear as visual markers, showing where the Fast and Slow Stochastic readings converge in relation to the RSI filter
- These markers are **informational only** and should be considered in combination with other analysis
📊 Visual Features
- Fast Stochastic lines: Blue & Orange
- Slow Stochastic lines: Green & Red
- RSI line: Purple
- Dashed lines: Key levels (Stochastic 20/50/80, RSI 30/70)
- Background color highlights overbought (red tint) and oversold (green tint) zones for visual guidance
🔔 Additional Features
- Value table displays real-time readings of all components
- Alerts can be enabled for visual markers, showing when oscillator conditions meet defined thresholds
- Parameters and colors are fully customizable
💡 How to Use
- Observe triangle markers along with Stochastic and RSI values
- Combine this information with other technical analysis tools, such as support/resistance, trendlines, or candlestick patterns
- Adjust parameters to match your preferred timeframe and market
⚠️ Risk Management
- This indicator is **educational** and does not provide guaranteed signals
- Always use proper position sizing and risk management
- Test thoroughly in a demo environment before applying to live trading
- Use in combination with other analysis techniques and market context
🆓 Open & Free
- This script is fully open-source and free to use or modify for learning purposes
Dual Stochastic RSI Oscillator is an educational trading tool designed to help users analyze market momentum using two Stochastic oscillators combined with an RSI filter. This indicator provides a multi-layered view of short-term and long-term momentum, assisting traders in observing potential entry and exit areas based on technical analysis concepts.
⚙️ Core Components
1. Dual Stochastic System
- Fast Stochastic: K=12, D=3, Slowing=20 (captures short-term momentum)
- Slow Stochastic: K=100, D=8, Slowing=8 (captures longer-term trends)
- Provides perspective on both immediate and sustained price movements
2. RSI Filter
- 26-period RSI with 30-70 thresholds
- Acts as a filter to help identify times when the market is within a neutral range
🎯 Observing Signals
- The indicator highlights potential areas where momentum conditions may align:
- Lower oscillator zone: indicates potential oversold conditions
- Upper oscillator zone: indicates potential overbought conditions
- Triangles appear as visual markers, showing where the Fast and Slow Stochastic readings converge in relation to the RSI filter
- These markers are **informational only** and should be considered in combination with other analysis
📊 Visual Features
- Fast Stochastic lines: Blue & Orange
- Slow Stochastic lines: Green & Red
- RSI line: Purple
- Dashed lines: Key levels (Stochastic 20/50/80, RSI 30/70)
- Background color highlights overbought (red tint) and oversold (green tint) zones for visual guidance
🔔 Additional Features
- Value table displays real-time readings of all components
- Alerts can be enabled for visual markers, showing when oscillator conditions meet defined thresholds
- Parameters and colors are fully customizable
💡 How to Use
- Observe triangle markers along with Stochastic and RSI values
- Combine this information with other technical analysis tools, such as support/resistance, trendlines, or candlestick patterns
- Adjust parameters to match your preferred timeframe and market
⚠️ Risk Management
- This indicator is **educational** and does not provide guaranteed signals
- Always use proper position sizing and risk management
- Test thoroughly in a demo environment before applying to live trading
- Use in combination with other analysis techniques and market context
🆓 Open & Free
- This script is fully open-source and free to use or modify for learning purposes
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.