PROTECTED SOURCE SCRIPT
EMA50 + Stochastic OS/OB Flags
Script Description
Overview
This indicator combines a 50-period Exponential Moving Average (EMA50) with the Stochastic Oscillator to highlight potential reversal zones.
It is designed to identify price action when the market is trading near its medium-term trend level (EMA50) and the stochastic shows overbought or oversold conditions.
How It Works
The script plots the EMA50 on the chart.
A tolerance band (default ±0.5%) is applied so that only candles close within a narrow range of EMA50 are considered.
The Stochastic Oscillator is calculated using user-defined lengths and smoothing.
Bullish Flag appears when:
Price is near EMA50, and
%K < 20 (oversold) with %K crossing above %D.
Bearish Flag appears when:
Price is near EMA50, and
%K > 80 (overbought) with %K crossing below %D.
Plots & Signals
Orange line = EMA50
Green triangle = Bullish setup near EMA50
Red triangle = Bearish setup near EMA50
Alerts
Two built-in alerts are included:
Bullish Flag Alert → “Bullish Flag near EMA50 with Stoch K < 20”
Bearish Flag Alert → “Bearish Flag near EMA50 with Stoch K > 80”
Use Case
This indicator is best suited for traders looking to:
Identify mean-reversion opportunities near the EMA50 trendline.
Combine stochastic signals with trend context.
Spot high-probability reversal points for entries/exits.
Notes & Limitations
This is not a standalone buy/sell system. It works best when combined with market structure and volume analysis.
EMA length, stochastic settings, and tolerance range are all customizable.
Like any oscillator, the stochastic can stay extended during strong trends. Use caution in trending markets.
Overview
This indicator combines a 50-period Exponential Moving Average (EMA50) with the Stochastic Oscillator to highlight potential reversal zones.
It is designed to identify price action when the market is trading near its medium-term trend level (EMA50) and the stochastic shows overbought or oversold conditions.
How It Works
The script plots the EMA50 on the chart.
A tolerance band (default ±0.5%) is applied so that only candles close within a narrow range of EMA50 are considered.
The Stochastic Oscillator is calculated using user-defined lengths and smoothing.
Bullish Flag appears when:
Price is near EMA50, and
%K < 20 (oversold) with %K crossing above %D.
Bearish Flag appears when:
Price is near EMA50, and
%K > 80 (overbought) with %K crossing below %D.
Plots & Signals
Orange line = EMA50
Green triangle = Bullish setup near EMA50
Red triangle = Bearish setup near EMA50
Alerts
Two built-in alerts are included:
Bullish Flag Alert → “Bullish Flag near EMA50 with Stoch K < 20”
Bearish Flag Alert → “Bearish Flag near EMA50 with Stoch K > 80”
Use Case
This indicator is best suited for traders looking to:
Identify mean-reversion opportunities near the EMA50 trendline.
Combine stochastic signals with trend context.
Spot high-probability reversal points for entries/exits.
Notes & Limitations
This is not a standalone buy/sell system. It works best when combined with market structure and volume analysis.
EMA length, stochastic settings, and tolerance range are all customizable.
Like any oscillator, the stochastic can stay extended during strong trends. Use caution in trending markets.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.