RSI-Stochastic Hybrid

This is a very simple idea - an average of RSI and the Stochastic Oscillator. However it offers plenty of flexibility for tuning to your requirements. You can change the lengths of either indicator and the weighting of each. By default it's set to 50/50 (just change the percent RSI to adjust). There is also an optional EMA which can be used as a signal line.
This idea comes from Greg Morris who likes to use it for trend following. I would buy when the indicator hits the overbought line and sell when it goes below 50.

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

//Scripted by Blind Freddy
//See my blog at for learning and picks
//Hybrid RSI-Stochastic Indicator, with optional EMA line
study(title="RSI-Stoch Hybrid", shorttitle="RSI-Stoch", overlay=false)
len = input(14, minval=1, title="RSI Length")
lenstoch = input(26, minval=1, title="Stochastic Length")
thepercent = input(50, minval=0, maxval = 100, title="Percent RSI")
len2 = input(5, minval=1, title="EMA (Signal) Length")
thersi= rsi(close,len)
thehybrid=thersi*thepercent/100 + thestoch*(100-thepercent)/100
theEMA = ema(thehybrid,len2)
plot(thehybrid, title="RSI-Stoch Hybrid", style=line, linewidth=2, color=teal)
plot(theEMA, title="EMA", style=line, linewidth=2, color=gray)
band2 = hline(80, title="Upper Line", linestyle=dashed, linewidth=1)
band1 = hline(50, title="Upper Line", linestyle=dashed, linewidth=1)
band0 = hline(20, title="Lower Line", linestyle=dashed, linewidth=1)
fill(band2, band0, color=blue, transp=90)


Check out v2 of the script with
blindfreddy blindfreddy
..with exponential smoothing of the stochastic and RSI as an option before combining them