OPEN-SOURCE SCRIPT
Updated Sto2 Indicator BF
This is an indicator version with alerts for my Sto2 RSI Bitcoin strategy.
There are 2 alerts, one for a long condition and one for a short condition.
CRITERIA FOR ALERTS:
I have altered the plotting slightly to better suit an indicator.
There are 2 alerts, one for a long condition and one for a short condition.
CRITERIA FOR ALERTS:
- Long condition happens when the k value of the Stochastic RSI crosses above the d value AND the Rate of Change formula shows we are not going sideways
- Short condition happens when the k value of the Stochastic RSI crosses below the d value AND the Rate of Change formula shows we are not going sideways
I have altered the plotting slightly to better suit an indicator.
- Green background = long signal
- Red background = short signal
- White background = no trade/sideways zone
Release Notes
Added bar colors to identify signals on the chart - blue = long, yellow = short, grey = sidewaysOpen-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.