Stochastic w/ Crossover Alerts (by WJ)

NOTE:
// STOCHASTIC CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT

This is the normal default built-in Stochastic indicator which I have added some stuff for visual aid:

Stochastic background turns green when K line crosses D line UPWARDS, D line is below the oversold level, and price is above selected MA
Stochastic background turns red when K line crosses D line DOWNWARDS, D line is above the overbought level, and price is below selected MA
Alert notification on the crossover candle with background colour change when conditions are met (MA filter)

Release Notes

Changed alerts to K line detection as it's better, apologies for the confusion and trouble of re-adding the indicator

Release Notes

Changed to both K and D line as it seems to be the best solution

Release Notes

Added sharper detection mode (toggleable) that also takes whether the k and d lines of the candle before crossover candle into account

Release Notes

Added middle line

Release Notes

Added toggleable background colour change when k line crosses 50

Release Notes

Added new alerts for non-OBOS crossovers

Release Notes

MA checking was slightly wrong (used OPEN instead of CLOSE), fixed

Release Notes

Updated some stuff

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.

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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

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