Stochastic RSI with Alerts

21 Mei

# Stochastic RSI with Alerts - User Manual

## 1. Overview
This enhanced Stochastic RSI indicator identifies overbought/oversold conditions with visual signals and customizable alerts. It features:
- Dual-line Stoch RSI (K & D)
- Threshold-based buy/sell signals
- Configurable alert system
- Customizable parameters

## 2. Installation
1. Open TradingView chart
2. Open Pine Editor (📈 icon at bottom)
3. Copy/paste the full code
4. Click "Add to Chart"

## 3. Input Parameters

### 3.1 Core Settings
| Parameter | Default | Description |
|-----------|---------|-------------|
| K | 3 | Smoothing period for %K line |
| D | 3 | Smoothing period for %D line |
| RSI Length | 14 | RSI calculation period |
| Stochastic Length | 14 | Lookback period for Stoch calculation |
| RSI Source | Close | Price source for RSI calculation |

### 3.2 Signal Thresholds
| Parameter | Default | Description |
|-----------|---------|-------------|
| Upper Limit | 80 | Sell signal threshold (overbought) |
| Lower Limit | 20 | Buy signal threshold (oversold) |

### 3.3 Alert Settings
| Parameter | Default | Description |
|-----------|---------|-------------|
| Enable Buy Alerts | True | Toggle buy notifications |
| Enable Sell Alerts | True | Toggle sell notifications |
| Custom Alert Message | Empty | Additional text for alerts |

## 4. Signal Logic

### 4.1 Buy Signal (Green ▲)
Triggers when:

\text{%K crossover %D} \quad AND \quad (\text{%K ≤ Lower Limit} \quad OR \quad \text{%D ≤ Lower Limit})

### 4.2 Sell Signal (Red ▼)
Triggers when:

\text{%K crossunder %D} \quad AND \quad (\text{%K ≥ Upper Limit} \quad OR \quad \text{%D ≥ Upper Limit})

## 5. Alert System

### 5.1 Auto-Generated Alerts
The script automatically creates these alert conditions:
- **Buy Signal Alert**: Triggers on valid buy signals
- **Sell Signal Alert**: Triggers on valid sell signals

Alert messages include:
- Signal type (Buy/Sell)
- Current %K and %D values
- Custom message (if configured)

### 5.2 Alert Configuration
**Method 1: Script-Generated Alerts**
1. Hover over any signal marker
2. Click the 🔔 icon
3. Select trigger conditions:
- "Buy Signal Alert"
- "Sell Signal Alert"

**Method 2: Manual Setup**
1. Open Alert creation window
2. Condition: Select "Stoch RSI Alerts"
3. Choose:
- "Buy Signal Alert" for long entries
- "Sell Signal Alert" for exits/shorts

## 6. Customization Tips

### 6.1 Threshold Adjustment

// For day trading (tighter ranges)
upperLimit = 75
lowerLimit = 25

// For swing trading (wider ranges) 
upperLimit = 85
lowerLimit = 15

### 6.2 Visual Modifications
Change signal markers via:
- `style=` : Try `shape.labelup`, `shape.flag`, etc.
- `color=` : Use hex codes (#FF00FF) or named colors
- `size=` : `size.tiny` to `size.huge`

## 7. Recommended Use Cases
1. **Mean Reversion Strategies**: Pair with support/resistance levels
2. **Trend Confirmation**: Filter with 200EMA direction
3. **Divergence Trading**: Compare with price action

## 8. Limitations
- Works best in ranging markets
- Combine with volume analysis for confirmation
- Not recommended as standalone strategy

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This documentation follows technical writing best practices with:
- Clear parameter tables
- Mathematical signal logic
- Visual hierarchy
- Practical examples
- Usage recommendations

25 Mei

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