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Cycle Low (RSI + StochRSI) – v5 John.K

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Cycle Low (RSI + StochRSI) – v5 John.K
This tool is designed to detect potential cycle lows by combining RSI and Stochastic RSI oversold signals.

RSI Oversold + Cross → confirms momentum exhaustion

StochRSI Cross from Oversold → confirms short-term cycle turn

Score System (0–4) → evaluates confluence strength

Strict Mode → requires both RSI and StochRSI to be oversold for A+ signals

One-Bar Tolerance → allows RSI & StochRSI to cross within 1 bar

Anchor Option → optional reference level for cycle projection

Signals are plotted directly on the candles as green triangles (CL) when conditions are met.
Adjust thresholds (RSI, Stoch, Score) to control signal frequency.

Penafian

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