OPEN-SOURCE SCRIPT
Smart Reversal Signal (Stoch + RSI + EQH/EQL)
Smart Reversal Signal combines Stochastic oscillator, RSI levels, and Equal High/Low detection to identify potential price reversal zones. It highlights buy signals when Stochastic crosses up in oversold conditions with RSI confirmation and Equal Low (EQL), and sell signals when Stochastic crosses down in overbought areas with Equal High (EQH), shown via background color alerts.
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.
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.