Stochastic Trend Signal with MultiTF Filter

Indicator Overview – Multi-Timeframe Stochastic Signal
This custom TradingView indicator combines multi-timeframe Stochastic analysis to generate high-probability, trend-following trading signals. It integrates:

Stochastic on the current timeframe to identify potential entry zones (overbought/oversold).

Stochastic on the 1D (daily) timeframe to confirm short-term trend direction.

Stochastic on the 1W (weekly) timeframe to filter out signals that go against the broader market trend.

🔔 Buy signals are triggered only when:

1D Stochastic > 50 (bullish bias),

Current timeframe Stochastic ≤ 20 (oversold),

After the first bullish candle,

And 1W Stochastic does not contradict the direction (must not be bearish).

🔻 Sell signals are triggered only when:

1D Stochastic < 50 (bearish bias),

Current timeframe Stochastic ≥ 80 (overbought),

After the first bearish candle,

And 1W Stochastic does not contradict the direction (must not be bullish).

The indicator also includes visual highlights:

✅ Green or red background when 1D and 1W trends align clearly.

⚠️ Gray background when 1D and 1W trends conflict — a warning to avoid low-probability setups.

📌 This indicator works best on the 4-hour (H4) timeframe, offering a balanced view between short-term signals and higher timeframe trend filters.