MA, Stochastic, RSI w SnowflakeDesigned Presentation

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This script provides basic moving average SMA and WMA crosses to trigger the buy or sell signals for bot trades whilst displaying snowflakes. It also has the ability to let the user display more significant price action by judging the length of the space between the SMA and WMA, after filtering using the Stochastic and RSI. Only more significant breaks of these moving average crosses are displayed to the user when optimised which avoids noise and messy signals.

It will also display Stochastic and RSI over bought and over sold with the moving average difference that deems to be bullish (e.g. having a K, D RSI and MA crossing outside of 30-70 range).


Notation

Snow Flakes - the crossing of the moving averages
Aqua Snow Flakes - Trending up
Red Snow Flakes - Trending down

Stars - The crossing of the two moving averages with RSI validation
Blue Stars - Trending up w RSI Overbought
Yellow Stars - Trending down w RSI Oversold

Cross - Stochastic and RSI over bought/over sold
Pink - Pricing up
Blue - Pricing down
This only shows the smaller movement of the trends for a minimum TP

Settings:

K, D - Overbought Oversold numbers of your choice
RSI - Over bought / Over sold numbers of your choice
SMA - numbers of your choice for the closes
WMA - numbers of your choice for the closes


Usage & Details:

I make this chart for simple trades automating with the bots, so you may find too many alerts; they are for my personal private use and under my instructions outside of Trading View. Please don't try to hurt your wallets.

Knowing when a Stochastic and RSI crossing with significance on the stochastic and RSI can be of great help to a trader. Many times over bough and over sold range may not be broken with significant force and the move is therefore weaker and possibly not worth trading. They're marked (or will be marked) in triangles anyways depends on my mood.

There will be few more updates, but I may or may not publish it.

As well, you are welcome message me for the usage of this chart, but I am not friendly after feeling harassed by the moderators of this website. If you really want to make me a vendor, feel free to message me.

١٢ يناير ٢٠٢١

ملاحظات الأخبار

This update simplified the chart.