STOCH_RSI_MACD

לפני 3 ימים

This Pine Script indicator, named "STOCH_RSI_MACD", is a multi-criteria trading signal generator that combines three widely used technical analysis tools—Stochastic RSI, MACD, and RSI—along with volume and candle type confirmations. Here's a breakdown of its features and functionality:

Key Features:
1. Stochastic RSI Analysis:

• Calculates %K and %D lines with user-defined smoothing and lengths.
  
• Identifies overbought and oversold conditions based on user inputs (default levels: 80 for overbought, 20 for oversold).
  
• Generates long and short signals using crossovers and crossunders of %K and %D, validated by oversold and overbought conditions.
  

2. MACD Analysis:

• Calculates MACD line, signal line, and histogram using standard parameters (12, 26, 9) or user-defined inputs.
  
• Generates long signals when the MACD line crosses above the signal line while the signal is below zero (bullish divergence).
  
• Generates short signals when the MACD line crosses below the signal line while the signal is above zero (bearish divergence).
  

3. RSI Analysis:

• Computes the Relative Strength Index (RSI) with a user-defined length (default: 14).
  
• Generates long signals when RSI surpasses a customizable oversold threshold (default: 55).
  
• Generates short signals when RSI falls below a customizable overbought threshold (default: 45).
  

4. Volume and Candle Confirmation:

• Confirms long signals when volume exceeds its 30-period SMA, paired with a green (bullish) candle.
  
• Confirms short signals when volume exceeds its 30-period SMA, paired with a red (bearish) candle.
  

5.Signal Filtration:

• Avoids repetitive signals within a rolling window of five bars, ensuring reduced noise in alert generation.
  

6.Alerts and Visual Markers:

• Generates alerts for long and short conditions with custom messages ("Go long" or "Go short").
  
• Visually marks buy and sell signals on the chart using labeled up (green) and down (red) arrows for better clarity.
  

7.Customizable Parameters:

• Provides flexibility through input settings for thresholds, lengths, and smoothing to suit various trading styles and asset characteristics.
  

Use Case:
This indicator is ideal for traders who employ a systematic approach to technical analysis. It combines momentum (RSI), trend-following (MACD), and oscillatory (Stochastic RSI) indicators with volume and price action filters, making it suitable for various trading strategies, including swing trading, scalping, and positional trading.