OPEN-SOURCE SCRIPT

Stoch RSI Buy/Sell Signals with Alerts

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This color code helps a novice know when to buy and when to sell

What Each Section Does
Header: //version=5 tells TradingView which Pine Script version to use.

Indicator setup: indicator("Stoch RSI Buy/Sell Signals with Alerts", overlay=false) names your script and sets it to plot in a separate panel.

Inputs: Adjustable parameters for RSI length, Stoch length, and smoothing. You can tweak these in the settings panel.

Calculations: Builds RSI, then Stoch RSI, then smooths into %K and %D lines.

Signals: Defines buy (green) and sell (red) conditions based on crossovers and thresholds.

Color logic: Dynamically changes the %K line color (green/red/gray).

Plots: Draws %K (colored) and %D (blue) lines.

Background shading: Adds light green/red shading when signals fire for easy visual scanning.

Alerts: Pops up TradingView alerts when buy/sell conditions trigger, so you don’t miss them.

✅ Publishing Notes
Paste this into a new blank Pine Script editor starting at line 1.

Save and add it to your chart.

You’ll see the %K line flip colors, background shading, and alerts firing when conditions are met.

免責事項

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