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Stochastic-overbought

Overbought / Oversold Screener## Introduction **The Versatile RSI and Stochastic Multi-Symbol Screener** **Unlock a wealth of trading opportunities with this customizable screener, designed to pinpoint potential overbought and oversold conditions across 17 symbols, with alert support!** ## Description This screener is suitable for tracking multiple instruments continuously. With the screener, you can see the instant RSI or Stochastic values of the instruments you are tracking, and easily catch the moments when they are overbought / oversold according to your settings. The purpose of the screener is to facilitate the continuous tracking of multiple instruments. The user can track up to 17 different instruments in different time intervals. If they wish, they can set an alarm and learn overbought oversold according to the values they set for the time interval of the instruments they are tracking.** Key Features: Comprehensive Analysis: Monitors RSI and Stochastic values for 17 symbols simultaneously. Automatically includes the current chart's symbol for seamless integration. Supports multiple timeframes to uncover trends across different time horizons. Personalized Insights: Adjust overbought and oversold thresholds to align with your trading strategy. Sort results by symbol, RSI, or Stochastic values to prioritize your analysis. Choose between Automatic, Dark, or Light mode for optimal viewing comfort. Dynamic Visual Cues: Instantly highlights oversold and overbought symbols based on threshold levels. Timely Alerts: Stay informed of potential trading opportunities with alerts for multiple oversold or overbought symbols. ## Settings ### Display **Timeframe** The screener displays the values according to the selected timeframe. The default timeframe is "Chart". For example, if the timeframe is set to "15m" here, the screener will show the RSI and stochastic values for the 15-minute chart. ** Theme ** This setting is for changing the theme of the screener. You can set the theme to "Automatic", "Dark", or "Light", with "Automatic" being the default value. When the "Automatic" theme is selected, the screener appearance will also be automatically updated when you enable or disable dark mode from the TradingView settings. ** Position ** This option is for setting the position of the table on the chart. The default setting is "middle right". The available options are (top, middle, bottom)-(left, center, right). ** Sort By ** This option is for changing the sorting order of the table. The default setting is "RSI Descending". The available options are (Symbol, RSI, Stoch)-(Ascending, Descending). It is important to note that the overbought and oversold coloring of the symbols may also change when the sorting order is changed. If RSI is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for RSI. Similarly, if Stoch is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for Stoch. From this perspective, you can also think of the sorting order as a change in the main indicator. ### RSI / Stochastic This area is for selecting the parameters of the RSI and stochastic indicators. You can adjust the values for "length", "overbought", and "oversold" for both indicators according to your needs. The screener will perform all RSI and stochastic calculations according to these settings. All coloring in the table will also be according to the overbought and oversold values in these settings. ### Symbols The symbols to be tracked in the table are selected from here. Up to 16 symbols can be selected from here. Since the symbol in the chart is automatically added to the table, there will always be at least 1 symbol in the table. Note that the symbol in the chart is shown in the table with "(C)". For example, if SPX is open in the chart, it is shown as SPX(C) in the table. ## Alerts The screener is capable of notifying you with an alarm if multiple symbols are overbought or oversold according to the values you specify along with the desired timeframe. This way, you can instantly learn if multiple symbols are overbought or oversold with one alarm, saving you time.
Pine Script™ indicator
by eraydiler
1
Stochastic Oversold / Overbought Multi Time Frame on CandleAt the suggestion of a friend, I prepared this educational indicator to show how to use a Multi time frames on the chart based on the color of The Candle. This Script calculates the stochastic oscillator for multiple timeframes and displays the overbought/oversold signals on the chart with color coding. The stochastic oscillator is a momentum indicator that compares a security's closing price to its high-low range over a set number of periods. The indicator oscillates between 0 and 100, with readings above 80 considered overbought and readings below 20 considered oversold. The indicator has the following input parameters: %K Length: the number of periods used to calculate the stochastic oscillator (default is 14). %K Smoothing: the number of periods used to smooth the stochastic oscillator (default is 1). Three timeframes: The timeframes for which the stochastic oscillator is calculated can be set as 15-minute, 1-hour, or 4-hour intervals. For each timeframe, the user can choose to display the indicator (or not) and set the color of the candle. The user can also set the overbought and oversold levels (default is 80 and 20, respectively). The indicator calculates the stochastic oscillator using the ta.stoch function from the built-in ta library in PineScript. It then uses the ta.sma function to smooth the stochastic oscillator if specified. Finally, the indicator uses the TimeframFuction to calculate the stochastic oscillator for different timeframes, which is then displayed on the chart using the barcolor function. The color of the candle is set based on whether the stochastic oscillator is overbought or oversold, as determined by the overbought/oversold levels specified by the user. Note: This code is example for you to use multi timeframe in your indicator or Strategy , also prevent Repainting Calculation
Pine Script™ indicator
by MirNader_
3
MTF Stochastic ScannerThis Stochastic scanner can be use to identify overbought and oversold of 10 symbols over multiple timeframes it will give you a quick overview which pair is more overbough or more oversold and also signals tops and bottoms in the AVG row light red/green cell = weak bearish (Stoch = 30-20) / bullish (Stoch = 70-80) medium red/green cell = bearish (Stoch = 20-10) / bullish (Stoch = 80-90) dark red/green cell = strong bearish (Stoch <= 10) / bullish (Stoch >= 90) gray cell = neutral (Stoch = 30-70) Usage If AVG (average of all 4 timeframes) falls below 20, the cell will get green, indicating a good time to enter long (buy) If AVG (average of all 4 timeframes) rises above 80, the cell will get red, indicating a good time to enter short (sell) Use the "MTF Stochastic Scanner" in combination with the " MTF RSI Scanner " to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80) or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20) Here is how the two MTF scanners looked on Nov 08 2021 (ATH) » and here how the MTF scanners looked on June 21 2022 use TradingViews Replay function to check how it would have worked in the past and when not. As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️ Settings You can change the timeframes, symbols, Stochastic settings, overbought/oversold levels and colors to your liking Drag the table onto the price chart, if you want to use it as an overlay. NOTE: Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃 If you have any idea on how to optimise the code, please feel free to share 🙏 *** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
Pine Script™ indicator
by Indicator-Jones
26
Ehlers Adaptive Stochastic Indicator V1 [CC]The Adaptive Stochastic Indicator V1 was created by John Ehlers (Rocket Science For Traders pgs 233-234) and this indicator uses the same calculations to find a cycle period that is then used for both the creation of the stochastic indicator but also for the smoothing to create a double smoothed stochastic indicator. Because it is calculated this way, this indicator is more reactive than almost any other stochastic indicator and provides clear buy and sell signals especially when the underlying stock is trending. It is interpreted in the same way as a normal stochastic indicator so great buy signals are when the indicator is below the oversold line and starts to move up and vice versa. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you would like to see me publish!
Pine Script™ indicator
by cheatcountry
4
Stochastic with False bar R2-2 by JustUncleLThis study project is an updated version of the implementation of the "Stochastic False BAR" indicator. Description: The standard Stochastic buy/sell indications come from Stochastic crosses about the standard overbought/oversold zones (80/20). This does not always work and you get stuck in the OB/OS zones with a trend continuation. Utilising a second much longer length Stochastic, the "False BAR" (Black) indicates when it is unsafe to take Stochastic cross over trades. Where the false bar does not appear (aqua, no background highlighing), the overbought / oversold conditions of the Stochastic can be considered higher-probability reversal areas and thus trading opportunities. This Revision: Added options to enable/disable False Bar lines and Stochastic trends. Added options to modify upper and lower limits of false bar Stochastic and trading stochastic trend. Added option to show the trading Stochastic as coloured Ribbon. Added name titles for all plots Added Background highlighting for False Bar.
Pine Script™ indicator
by JustUncleL
15