OPEN-SOURCE SCRIPT
Oscillator Signals
Oscillator Signals – Smart Trading with RSI & Stochastic
Stop waiting for false reversals—trade the confirmed moves!
Developed by Marcelo Ulisses Sobreiro Ribeiro
Many traders struggle with the Stochastic Oscillator because it can linger in overbought (OB) or oversold (OS) zones for long periods, leading to premature entries. This script solves that problem by only triggering signals when Stochastic exits these zones, combined with RSI crossovers for higher-confidence trades.
🔹 Key Features:
✅ No More False Alerts – Avoids signals inside OB/OS zones—waits for Stochastic to exit (confirming momentum shift).
✅ RSI + Moving Average Crossovers – Adds a second layer of confirmation when RSI crosses its moving average.
✅ Combined Alerts – Strongest signals occur when:
Stochastic exits oversold (OS) and RSI crosses above its MA (▲ Bullish).
Stochastic exits overbought (OB) and RSI crosses below its MA (▼ Bearish).
✅ Fully Customizable – Adjust lengths, OB/OS levels, and toggle signals.
✅ Built-in Alerts – Never miss a setup.
🔹 Why It Works Better:
Traditional Stochastic signals often fail because price can stay stuck in OB/OS for extended periods. This script ignores entries inside the zones and only acts when:
Stochastic leaves OS (crosses above 20) + RSI confirms uptrend.
Stochastic leaves OB (crosses below 80) + RSI confirms downtrend.
Filters out weak reversals, focusing on high-probability breakouts.
🔹 Ideal For:
Traders tired of "whipsaws" from premature OB/OS entries.
Swing traders seeking confirmed reversals.
Combining with support/resistance for precision.
📌 Pro Tip: Pair this with price action (e.g., breakouts from key levels) for even stronger signals!
Try it now—trade less, profit more! 🚀
Key Improvements:
Problem-Solution Framework: Directly addresses the "Stochastic lingering" issue upfront.
Stronger Emphasis on Confirmation: Highlights how the script waits for OB/OS exits to avoid fakeouts.
Clearer Value Proposition: Positions the script as a filter for higher-quality signals.
Stop waiting for false reversals—trade the confirmed moves!
Developed by Marcelo Ulisses Sobreiro Ribeiro
Many traders struggle with the Stochastic Oscillator because it can linger in overbought (OB) or oversold (OS) zones for long periods, leading to premature entries. This script solves that problem by only triggering signals when Stochastic exits these zones, combined with RSI crossovers for higher-confidence trades.
🔹 Key Features:
✅ No More False Alerts – Avoids signals inside OB/OS zones—waits for Stochastic to exit (confirming momentum shift).
✅ RSI + Moving Average Crossovers – Adds a second layer of confirmation when RSI crosses its moving average.
✅ Combined Alerts – Strongest signals occur when:
Stochastic exits oversold (OS) and RSI crosses above its MA (▲ Bullish).
Stochastic exits overbought (OB) and RSI crosses below its MA (▼ Bearish).
✅ Fully Customizable – Adjust lengths, OB/OS levels, and toggle signals.
✅ Built-in Alerts – Never miss a setup.
🔹 Why It Works Better:
Traditional Stochastic signals often fail because price can stay stuck in OB/OS for extended periods. This script ignores entries inside the zones and only acts when:
Stochastic leaves OS (crosses above 20) + RSI confirms uptrend.
Stochastic leaves OB (crosses below 80) + RSI confirms downtrend.
Filters out weak reversals, focusing on high-probability breakouts.
🔹 Ideal For:
Traders tired of "whipsaws" from premature OB/OS entries.
Swing traders seeking confirmed reversals.
Combining with support/resistance for precision.
📌 Pro Tip: Pair this with price action (e.g., breakouts from key levels) for even stronger signals!
Try it now—trade less, profit more! 🚀
Key Improvements:
Problem-Solution Framework: Directly addresses the "Stochastic lingering" issue upfront.
Stronger Emphasis on Confirmation: Highlights how the script waits for OB/OS exits to avoid fakeouts.
Clearer Value Proposition: Positions the script as a filter for higher-quality signals.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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 sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
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.