RSI + Stochastic (Custom by TitikSona)

📊 Overview
The RSI + Stochastic Combo is a powerful and clean oscillator that combines two of the most popular momentum indicators - RSI and Stochastic - into a single, easy-to-read window. Designed for traders who want multiple confirmations in one view, this indicator helps identify overbought and oversold conditions with precision.

⚙️ Indicator Components
RSI (Relative Strength Index)
Period: 11 (customizable)

Color: Solid Blue line

Levels: 30 (oversold), 50 (midline), 70 (overbought)

Stochastic Oscillator
%K Period: 100

%D Period: 8

Slowing: 8

Colors: Solid White (%K), Light White (%D)

Levels: 20 (oversold), 80 (overbought)

🎯 Trading Signals
Overbought Conditions:
🔴 RSI above 70 AND Stochastic %K above 80

Red background highlight

Alert notification available

Oversold Conditions:
🟢 RSI below 30 AND Stochastic %K below 20

Green background highlight

Alert notification available

📊 Visual Features
Clear Color Scheme:
Blue: RSI line

White: Stochastic %K and %D lines

Red Dotted: Overbought levels (70 RSI, 80 Stochastic)

Green Dotted: Oversold levels (30 RSI, 20 Stochastic)

Gray Dotted: Midline (50)

Background Highlights:
Red Zone: When either RSI > 70 or Stochastic > 80

Green Zone: When either RSI < 30 or Stochastic < 20

💪 Key Benefits
Dual Confirmation - RSI and Stochastic work together for higher accuracy

Clean Visualization - No clutter, easy to interpret

Customizable Parameters - Adjust all settings to your preference

Automatic Alerts - Get notified when both indicators align

Multi-Timeframe Compatible - Works on all timeframes

🚀 How to Use
For Buy Opportunities:
Look for green background zones

Wait for both RSI < 30 and Stochastic < 20

Consider entering when both indicators start turning up

For Sell Opportunities:
Look for red background zones

Wait for both RSI > 70 and Stochastic > 80

Consider entering when both indicators start turning down

⚡ Pro Tips
Confluence Trading: Use zones where both indicators signal simultaneously

Divergence Detection: Watch for price making new highs/lows while indicators don't confirm

Trend Confirmation: Use in conjunction with trend analysis for better results

Timeframe Analysis: Apply same settings across multiple timeframes for confirmation

🛠 Customization Options
All parameters are adjustable:

RSI length and source

Stochastic periods and slowing

Colors and line styles

Alert conditions

🎯 Ideal For
Swing Traders - Identifying reversal points

Day Traders - Finding intraday extremes

Position Traders - Timing entries and exits

All Market Types - Stocks, Forex, Crypto, Commodities

⭐ If this indicator helps your trading, please give it a like and follow for more tools!

🔔 Enable alerts to never miss trading opportunities when both indicators align!