Stoch RSI Approaching Zones (Dots)

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🧠 Stoch RSI Strategy with Trend Filter, Risk Management & Early Signal Visualization

This strategy combines Stochastic RSI signals with a 200 EMA trend filter and risk-based position sizing to create a well-rounded approach for both long and short trades. It includes built-in take profit / stop loss logic and supports early exits based on momentum shifts.
🔧 Key Features:

Stoch RSI-Based Entries

Long: %K crosses above 20

Short: %K crosses below 80

Optional Trend Filter

Longs only when price is above the 200 EMA

Shorts only when price is below the 200 EMA

Risk Management

Position sizing based on risk percentage of initial capital

Customizable stop loss and take profit (%)

Early Exit Logic

Closes positions if %K crosses back through key levels (80 for longs, 20 for shorts)

Visual Tools

Optional plot of Stoch RSI %K and %D

Horizontal markers for overbought (80) and oversold (20) zones

Approaching Signal Indicator (Add-On)

Aqua and fuchsia dots plotted on the chart when %K is approaching overbought (70–80) or oversold (20–30) zones, helping spot momentum before a crossover occurs.

Alerts Ready

Entry, exit, and early-exit alerts built in

📈 Best used across multiple timeframes—some assets (like AAPL) may respond especially well depending on the timeframe. The 200 EMA filter alone significantly improves signal quality, and the "approaching zone" dots can help traders prepare for moves in advance.

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Nota Keluaran

🧠 Stoch RSI Zone Approach & Reversal Signals (Daily/Weekly Focus)

Overview: This indicator identifies potential price reversals using the Stochastic RSI, optimized for Daily (D) and Weekly (W) charts. It provides visual cues for approaching and confirmed oversold/overbought conditions.

Key Signals:

• 👀 Approaching Zones:Aqua Circles: Indicate the Stoch RSI (%K) is nearing oversold (20-30).
  Fuchsia Circles: Indicate the Stoch RSI (%K) is nearing overbought (70-80).
  
• ✅ Confirmed Reversals:
  • 🟢 Lime Triangles: Signal a bullish reversal when %K crosses above 20.
    
  • 🔴 Red Triangles: Signal a bearish reversal when %K crosses below 80.
    
  • ⚠️ Note: Reversal signals appear only on the most recent bars (adjustable).
    

⚙️ Key Settings (Customize as Needed):

• Stoch RSI Length: (Default: 14) - Period for Stoch RSI calculation.
  
• RSI Length: (Default: 14) - Period for the underlying RSI.
  
• Stoch %K Smoothing: (Default: 3) - Smoothing for the %K line.
  
• Stoch %D Smoothing: (Default: 3) - Smoothing for the %D line.
  
• Only Show Reversals on Last N Bars: (Default: 5) - Focus on recent signals.
  

📈 Best Performance:

This indicator is designed for Daily (D) and Weekly (W) timeframes. These higher timeframes often provide cleaner signals and are less susceptible to short-term noise.

🔔 Alerts:

Set up TradingView alerts to be notified when:

• Stoch RSI approaches oversold/overbought zones.
• Bullish or bearish reversals are detected.

📝 How to Use:

• Add the indicator to your Daily or Weekly chart.
  
• Watch for the aqua and fuchsia circles as early warnings of potential reversals.
  
• Look for the lime green triangles for potential buy entries and red triangles for potential sell entries.
  
• Adjust the ⚙️ Key Settings to match your trading style and asset characteristics.
  
• Set up 🔔 Alerts to be notified of approaching zones and reversal signals.
  

⚠️ Important Disclaimer: This indicator is for informational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Always perform your own thorough analysis before making any trading decisions.