LOBOWASS STOCHASTICThis script uses a DMI, Stochastic , and two stochastic RSI , when they are all overbought or oversold (also applying price action and looking for bounce points) we can obtain a greater probability that the price will go in the direction we expect
This script is compact, which can be very useful for many traders
Default values
DMI:
Lenght=10
Stolenght=3
Stochastic:
K=14
D=3
Smooth=3
RSI Stochastic:
K=3
D=3
Lenght=6
Lenght Stoch=6
RSI Stochastic 2:
K=3
D=3
Lenght=14
Lenght Stoch=14
The indicators configured in this way can bring greater efficiency, do not confront only them, also use price action or other confirmat
They are arranged in a graph, such that the DMI has the oversold at 10 and the overbought at 90, first stochastic RSI oversold at 120 and overbought at 180 the socond stochastic RSI at oversold at 220 and overbought at 280, and stochastic at oversold at 320 and overbought at 380, you can configure them your way taking into account that the DMI range is from 0-100, stochastic RSI 100-200, stochastic RSI 200-300 and stochastic from 300-400
Hugo33
Lobowass and Jonathan Nuñez This script uses maximums and minimums of 4 hours and 30 minutes, giving possible rebound points, once the price reaches the overbought or overbought we will look for resistance or support that indicates a change in trend, to take operations, and with the EMAS of 200, 100 AND 50, we can see the trend, to operate in favor of it, this will give us a greater chance of success in our trade
Default values:
Bollinger Band
Lenght=20
Mult=2
Bollinger Band 2
Lenght=20
Mult=2.5
EMA
Period=200
EMA
Period=100
EMA
Period=50
Support and Resistance to 30 min and 4 hours
This configuration is the preferred one, it gives us reliable entry points, but with the help of price action we can achieve greater possibility of success in the trade
