OPEN-SOURCE SCRIPT
WT + Stoch RSI Reversal Combo
Overview – WT + Stoch RSI Reversal Combo
This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals.
It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends.
🔧 Key Features:
WaveTrend Oscillator with optional Laguerre smoothing.
Stochastic RSI with adjustable smoothing and thresholds.
Buy/Sell combo signals when both indicators agree.
Histogram for WT momentum visualization.
Configurable overbought/oversold levels.
Custom dotted white lines at +100 / -100 levels for reference.
Alerts for buy/sell combo signals.
Toggle visibility for each element (lines, signals, histogram, etc.).
✅ How to Use the Indicator
1. Add to Chart
Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart".
2. Understand the Signals
Green Triangle (BUY) – Appears when:
WT1 crosses above WT2 in oversold zone.
Stoch RSI %K crosses above %D in oversold region.
Red Triangle (SELL) – Appears when:
WT1 crosses below WT2 in overbought zone.
Stoch RSI %K crosses below %D in overbought region.
⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability.
3. Tune Settings
Open the settings ⚙️ and adjust:
Channel Lengths, smoothing, and thresholds for both indicators.
Enable/disable visibility of:
WT lines
Histogram
Stoch RSI
Horizontal level lines
Combo signals
4. Use with Price Action
Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines.
Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading.
5. Set Alerts
Set alerts using:
"WT + Stoch RSI Combo BUY Signal"
"WT + Stoch RSI Combo SELL Signal"
This helps you catch setups in real time without watching the chart constantly.
📊 Ideal Use Cases
Reversal trading from extremes
Mean reversion strategies
Timing entries/exits during consolidations
Momentum confirmation for breakouts
This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals.
It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends.
🔧 Key Features:
WaveTrend Oscillator with optional Laguerre smoothing.
Stochastic RSI with adjustable smoothing and thresholds.
Buy/Sell combo signals when both indicators agree.
Histogram for WT momentum visualization.
Configurable overbought/oversold levels.
Custom dotted white lines at +100 / -100 levels for reference.
Alerts for buy/sell combo signals.
Toggle visibility for each element (lines, signals, histogram, etc.).
✅ How to Use the Indicator
1. Add to Chart
Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart".
2. Understand the Signals
Green Triangle (BUY) – Appears when:
WT1 crosses above WT2 in oversold zone.
Stoch RSI %K crosses above %D in oversold region.
Red Triangle (SELL) – Appears when:
WT1 crosses below WT2 in overbought zone.
Stoch RSI %K crosses below %D in overbought region.
⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability.
3. Tune Settings
Open the settings ⚙️ and adjust:
Channel Lengths, smoothing, and thresholds for both indicators.
Enable/disable visibility of:
WT lines
Histogram
Stoch RSI
Horizontal level lines
Combo signals
4. Use with Price Action
Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines.
Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading.
5. Set Alerts
Set alerts using:
"WT + Stoch RSI Combo BUY Signal"
"WT + Stoch RSI Combo SELL Signal"
This helps you catch setups in real time without watching the chart constantly.
📊 Ideal Use Cases
Reversal trading from extremes
Mean reversion strategies
Timing entries/exits during consolidations
Momentum confirmation for breakouts
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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 open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.