OPEN-SOURCE SCRIPT
Signal
This custom TradingView indicator, named "Signal," is designed to generate buy and sell signals based on the Stochastic Oscillator, a momentum indicator that compares a particular closing price of an asset to a range of its prices over a certain period of time. The indicator is set to overlay on the price chart, providing visual cues for potential trading opportunities.
Key features of the "Signal" indicator include:
1. **Dynamic Period Adjustment**: The indicator automatically adjusts its settings based on the chart's time frame. For a 1-hour (60 minutes) chart, the stochastic length is set to 15, while for a 15-minute chart, the length is set to 10.
2. **Stochastic Calculation**: It calculates the %K line as a smoothed moving average (SMA) of the stochastic ratio, and the %D line as an SMA of the %K line, with both lines smoothed over a period derived from the dynamic length setting.
3. **Signal Detection**: The indicator identifies bullish crossovers (golden crosses) when the %K line crosses above the %D line and the average of both lines is below 50. Conversely, it detects bearish crossovers (death crosses) when the %K line crosses below the %D line and the average is above 50.
4. **Signal Confirmation**: Signals are confirmed using historical data with an offset of 1 bar to ensure that the crossover is evaluated after the close of the candlestick, thus avoiding repainting issues.
5. **Visual Indicators**: Buy signals are represented by green upward-pointing triangles placed below the bars, while sell signals are indicated by red downward-pointing triangles above the bars.
6. **Alerts**: The indicator includes alert conditions for both golden crosses and death crosses, notifying users when a potential buy or sell signal has been identified based on the stochastic crossover.
This indicator can be a valuable tool for traders who follow stochastic momentum signals and prefer to have dynamic adjustments based on the chart's time frame. It is important to note that, as with all trading indicators, the "Signal" indicator should be used in conjunction with other forms of analysis to confirm trading signals and manage risk effectively.
Key features of the "Signal" indicator include:
1. **Dynamic Period Adjustment**: The indicator automatically adjusts its settings based on the chart's time frame. For a 1-hour (60 minutes) chart, the stochastic length is set to 15, while for a 15-minute chart, the length is set to 10.
2. **Stochastic Calculation**: It calculates the %K line as a smoothed moving average (SMA) of the stochastic ratio, and the %D line as an SMA of the %K line, with both lines smoothed over a period derived from the dynamic length setting.
3. **Signal Detection**: The indicator identifies bullish crossovers (golden crosses) when the %K line crosses above the %D line and the average of both lines is below 50. Conversely, it detects bearish crossovers (death crosses) when the %K line crosses below the %D line and the average is above 50.
4. **Signal Confirmation**: Signals are confirmed using historical data with an offset of 1 bar to ensure that the crossover is evaluated after the close of the candlestick, thus avoiding repainting issues.
5. **Visual Indicators**: Buy signals are represented by green upward-pointing triangles placed below the bars, while sell signals are indicated by red downward-pointing triangles above the bars.
6. **Alerts**: The indicator includes alert conditions for both golden crosses and death crosses, notifying users when a potential buy or sell signal has been identified based on the stochastic crossover.
This indicator can be a valuable tool for traders who follow stochastic momentum signals and prefer to have dynamic adjustments based on the chart's time frame. It is important to note that, as with all trading indicators, the "Signal" indicator should be used in conjunction with other forms of analysis to confirm trading signals and manage risk effectively.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。