Stochastic RSI+
Applies signal values to significant changes in momentum and can be used in conjunction with other indicators and analysis to improve trade timing.
Both "Signal Up" and "Signal Down" can be used for alerts.
The magnitude of the signal is the difference between K and D.
(See the code for the logic and implementation.)
Signal Up occurs when momentum is within the band and moving upward.
Signal Down occurs when momentum is within the band and moving downward.
Interpretation Note:
The Stochastic RSI is known for false signals, so it should never be used as a pure buy or sell signal. It is useful as a warning or to help with trade timing.
A good example of this is: If you are bullish on a stock, and the signal is negative (signal down), then it may be wise to not buy until the recent change in momentum has dissipated.
Both "Signal Up" and "Signal Down" can be used for alerts.
The magnitude of the signal is the difference between K and D.
(See the code for the logic and implementation.)
Signal Up occurs when momentum is within the band and moving upward.
Signal Down occurs when momentum is within the band and moving downward.
Interpretation Note:
The Stochastic RSI is known for false signals, so it should never be used as a pure buy or sell signal. It is useful as a warning or to help with trade timing.
A good example of this is: If you are bullish on a stock, and the signal is negative (signal down), then it may be wise to not buy until the recent change in momentum has dissipated.
版本注释:
- Improved code readability.
- Added K mode.
- Added 6 (phase) alert conditions.
版本注释:
Improved alter text.
版本注释:
Fixed bug in signalUp and signalDown logic affecting alerts.
版本注释:
Improved sample chart.
版本注释:
- Added option for VAWMA
- Improved input layout.
版本注释:
Updated to PineScript v5 and fixed issues with signal bands.
版本注释:
histbase doesn't work right if the upper boundary (ceiling) isn't defined.
版本注释:
Added option to use MFI instead of RSI.