This 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
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 ***
リリースノート
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I replaced the AVG limits (80 and 20) with 2x3 (min, med, max) custom limits That means the AVG row has now 3 colors »
overbought min = 80-85 = light red
overbought med = 85-90 = med red
overbought max = 90-100 = dark red
oversold min = 20-15 = light green
oversold med = 15-10 = med green
oversold max = 10-0 = dark green
instead of just green (>=20) & read (>=80)
Also adjusted the colors for better reading (contrast), and added alerts for (min, med & max).
リリースノート
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Since the Stochastic Scanner is recently growing in popularity I've decided to give it a little update. I added "Stochastic RSI" and color profile. You can now choose between Stochastic or Stochastic RSI as requested by some users.
And because the color green did not make much sense when values are at 100 for example - I've flipped the default colors from green to red. But if you prefer the old style you can select green as cell background color for high values in the new settings.
Please allow to set how many timeframe I want to view and hide the others...in this way you could use it for scalping if button gets green only in 5 and 15 min charts
Indicator-Jones
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@Master-Y0da, I will give it a try in the next update. This would mean I have to rewrite 80% of the code
CosmicMoneyAI
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@Indicator-Jones, If we allow to set less time frames, will we be able to choose more coins/stocks? (Otherwise may not be reasonable. One could just ignore the rest of the time frames)
RamiOz
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awesome script mate, been looking for this for a while. small request, can we do it based on Stochastic RSI ?
Indicator-Jones
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@RamiOz, you can now choose Stochastic RSI in the new settings ;)
CosmicMoneyAI
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Q: How do we wrap the symbol names (to the next line), in case the symbol name is long? Thank you if you could kindly solve this issue.
CosmicMoneyAI
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Would it be kindly hard to add an alert either for all selected coins (best) or one by one if all the boxes are <10 or > 90 for example? :)
CosmicMoneyAI
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@FullmoonT, Sorry, Alert is already there. I just found the alert. Ha ha :)
CosmicMoneyAI
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@FullmoonT, Can we put alerts on all the coins in one shot? Currently, we can only add alerts one by one only.
CosmicMoneyAI
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Congrats dear friends for the wonderful work. For the USDT pair (e.g. "BYBIT:BTCUSDT"), you nicely trimmed the BYBIT or BINANCE part. But when I add the item for other pairs (e.g. BYBIT:KASUSDT/BYBIT:BTCUSDT), it Displays "KASUSDT/BYBIT:BTCUSDT" and takes extra horizontal spaces. Perhaps could we do something smart to display i) KASBTC (best) or ii) KASUSDT/BTCUSDT (little better) or iii) display option by MANUAL typing (perhaps easiest?), iv) at least wrap the text? Would it be too hard to implement some kind of reasonable solution? Thank you in advance. _/\_ - Note that not all altcoins have preexisting BTC pairs, unlike ETHBTC :)