OPEN-SOURCE SCRIPT
Stochastic Pro+ Suite
📚 What Is the Stochastic Oscillator?
The stochastic oscillator is a momentum indicator comparing a security's closing price to its price range over a set number of periods. The %K line represents the raw stochastic value, while the %D line is a smoothed moving average of %K.
Stochastic helps identify:
Overbought and oversold conditions
Bullish and bearish crossovers
Momentum shifts before price reversals
It is widely used in both trending and ranging markets.
💡 What Makes This Suite Different?
This script supercharges the traditional stochastic with a multi-timeframe engine, divergence detection, and a highly customizable visual suite, including:
✅ Core Features:
- Multi-Timeframe (%K, %D, Spread): Pulls stochastic data from any higher timeframe for improved signal quality.
- Custom Overbought/Oversold Levels: Fully adjustable OB/OS thresholds (default: 80/20).
- %K-%D Spread Histogram: View the difference between %K and %D visually as a histogram.
- Color-coded Cross Highlights: Optional background shading for key crossover events in OB/OS zones (high probability reversal areas).
🔍 Divergence Detection (Optional):
- Bullish Divergence: Price makes lower lows while %K makes higher lows.
- Bearish Divergence: Price makes higher highs while %K makes lower highs.
- Customizable pivot lookbacks and range filters to control divergence strictness.
- Visual divergence labels plotted directly on the oscillator.
🎛️ Fully Toggleable Visuals:
Show/hide %K, %D, OB/OS lines, spread histogram, background highlight, and divergence — all via simple checkboxes.
🔔 Alerts:
Set alerts for both bullish and bearish divergences — ideal for swing, day, or trend reversal strategies.
⚙️ Use Cases
- Spot exhaustion in overbought/oversold zones
- Confirm or filter entries with divergence signals
- Monitor multiple timeframes without switching charts
- Use as a signal tool in confluence with price action or volume indicators
⚠️ Disclaimer
This tool is for educational and informational purposes only. It does not constitute financial advice, trading advice, or investment guidance. Always do your own research and consult a qualified financial advisor before making trading decisions.
The stochastic oscillator is a momentum indicator comparing a security's closing price to its price range over a set number of periods. The %K line represents the raw stochastic value, while the %D line is a smoothed moving average of %K.
Stochastic helps identify:
Overbought and oversold conditions
Bullish and bearish crossovers
Momentum shifts before price reversals
It is widely used in both trending and ranging markets.
💡 What Makes This Suite Different?
This script supercharges the traditional stochastic with a multi-timeframe engine, divergence detection, and a highly customizable visual suite, including:
✅ Core Features:
- Multi-Timeframe (%K, %D, Spread): Pulls stochastic data from any higher timeframe for improved signal quality.
- Custom Overbought/Oversold Levels: Fully adjustable OB/OS thresholds (default: 80/20).
- %K-%D Spread Histogram: View the difference between %K and %D visually as a histogram.
- Color-coded Cross Highlights: Optional background shading for key crossover events in OB/OS zones (high probability reversal areas).
🔍 Divergence Detection (Optional):
- Bullish Divergence: Price makes lower lows while %K makes higher lows.
- Bearish Divergence: Price makes higher highs while %K makes lower highs.
- Customizable pivot lookbacks and range filters to control divergence strictness.
- Visual divergence labels plotted directly on the oscillator.
🎛️ Fully Toggleable Visuals:
Show/hide %K, %D, OB/OS lines, spread histogram, background highlight, and divergence — all via simple checkboxes.
🔔 Alerts:
Set alerts for both bullish and bearish divergences — ideal for swing, day, or trend reversal strategies.
⚙️ Use Cases
- Spot exhaustion in overbought/oversold zones
- Confirm or filter entries with divergence signals
- Monitor multiple timeframes without switching charts
- Use as a signal tool in confluence with price action or volume indicators
⚠️ Disclaimer
This tool is for educational and informational purposes only. It does not constitute financial advice, trading advice, or investment guidance. Always do your own research and consult a qualified financial advisor before making trading decisions.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.