OPEN-SOURCE SCRIPT
Stochastic OB/OS Zones Heatmap
The code is based on the Stochastic RSI Heatmap, but uses a normal Stochastic instead the Stochastic RSI when calculating "k" for more accuracy. Credit for the idea goes to Indicator-Jones.
The heatmap starts from the oversold (20) / overbought (80) levels respectively. The more oversold / overbought the price, the more intense the color (blue / fuchsia)
The heatmap starts from the oversold (20) / overbought (80) levels respectively. The more oversold / overbought the price, the more intense the color (blue / fuchsia)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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