OPEN-SOURCE SCRIPT
Smart Stochastic Pro
smart stochastic pro is a momentum oscillator built to read stochastic structure, buying and selling pressure, and multi-timeframe bias in one clean panel.
the script is designed for traders who want a visual way to track when the market is stretched, when pressure starts to shift, and when a reversal setup becomes more interesting. it does not predict price and it should not be used alone. it is meant to support analysis together with price action, market structure, support and resistance, volume, and risk management.
what the script does
smart stochastic pro uses a smoothed stochastic engine to create rounded %k and %d curves. the goal is to reduce visual noise while keeping the oscillator responsive enough for intraday and swing analysis.
the script includes:
* a smoothed stochastic %k and %d
* extreme overbought and oversold zones
* buying and selling pressure based on candle position and volume
* optional mtf calculation modes
* reversal detection after extreme zones
* optional candle coloring
* a compact dashboard
* visual pressure zones and signal labels
how to use it
add the script to a normal candlestick chart. for the clearest reading, start with the default settings and use a liquid market such as major crypto pairs, forex pairs, indices, or large-cap stocks.
the oscillator moves between 0 and 100.
basic reading:
* above 80 means price is in an overbought area
* below 20 means price is in an oversold area
* above 90 means extreme overbought
* below 10 means extreme oversold
* the 50 line is the neutral zone
* %k above %d shows bullish momentum
* %k below %d shows bearish momentum
the script works best when you do not take every cross. the main idea is to wait for a strong area first, then look for a confirmed shift.
beginner workflow
1. start on the chart mode
use:
calculation / visual mode: chart
this uses the current chart timeframe and is the easiest mode to understand.
2. wait for an extreme zone
for bullish setups, watch for %k to move into the extreme oversold area.
for bearish setups, watch for %k to move into the extreme overbought area.
this arms the setup. it does not mean enter immediately.
3. wait for confirmation
a bullish reversal becomes more interesting when:
* %k crosses above %d
* the oscillator starts rising
* buying pressure improves
* the signal appears after an oversold expansion
a bearish reversal becomes more interesting when:
* %k crosses below %d
* the oscillator starts falling
* selling pressure improves
* the signal appears after an overbought expansion
4. check the pressure
the pressure background and ribbons help show whether buyers or sellers are gaining control.
green pressure means buying is stronger.
red pressure means selling is stronger.
neutral pressure means the market may still be undecided.
5. use the dashboard
the dashboard summarizes:
* active mode
* current bias
* mtf bias
* slope
* oscillator zone
* buying or selling pressure
* %k and %d values
* signal strength
* armed state
for beginners, the most useful dashboard rows are state, zone, pressure, and armed.
recommended settings
for beginners:
* calculation / visual mode: chart
* require explosion first: true
* minimum confluence strength: 2
* hide mid-range noise: true
* show pressure: true
* show dashboard: true
* candle color: off at first
for cleaner signals:
* require explosion first: true
* minimum confluence strength: 3
* hide mid-range noise: true
* mtf bias filters signals: true
for faster signals:
* require explosion first: false
* minimum confluence strength: 2
* hide mid-range noise: true
for multi-timeframe use:
mtf strict shows the oscillator calculated directly from the selected higher timeframe.
mtf bias keeps the chart oscillator smoother while using the higher timeframe as a directional filter.
a simple setup is:
* chart timeframe: 5m or 15m
* mtf timeframe: 1h
* mtf bias filters signals: true
where to use it
the script can be used on:
* crypto
* forex
* indices
* stocks
* futures
it is usually cleaner on markets with good liquidity and enough volume. low-volume markets can create noisy pressure readings and weaker signal quality.
timeframes
for scalping, try 1m to 5m, but expect more noise.
for intraday trading, 5m to 30m is usually easier to read.
for swing trading, 1h to 4h gives slower but cleaner signals.
how not to use it
do not buy only because the oscillator is oversold.
do not sell only because the oscillator is overbought.
do not use one signal without checking market structure.
do not use it as a guaranteed entry system.
do not ignore risk management.
best practice
use the script as a timing and confirmation tool.
a stronger bullish setup usually has:
* price near support or after a liquidity sweep
* %k coming from oversold or extreme oversold
* buying pressure improving
* bullish signal strength at least 2 or 3
* mtf bias not fighting the trade
a stronger bearish setup usually has:
* price near resistance or after a failed breakout
* %k coming from overbought or extreme overbought
* selling pressure improving
* bearish signal strength at least 2 or 3
* mtf bias not fighting the trade
alerts
alerts are available for:
* bullish reversal after extreme oversold
* bearish reversal after extreme overbought
* extreme oversold
* extreme overbought
* pressure flip bullish
* pressure flip bearish
use alerts as reminders to check the chart, not as automatic trade entries.
notes
this script is an analysis tool. it does not guarantee results. all signals should be reviewed with price action, trend context, volatility, and personal risk rules before making a trade decision.
the script is designed for traders who want a visual way to track when the market is stretched, when pressure starts to shift, and when a reversal setup becomes more interesting. it does not predict price and it should not be used alone. it is meant to support analysis together with price action, market structure, support and resistance, volume, and risk management.
what the script does
smart stochastic pro uses a smoothed stochastic engine to create rounded %k and %d curves. the goal is to reduce visual noise while keeping the oscillator responsive enough for intraday and swing analysis.
the script includes:
* a smoothed stochastic %k and %d
* extreme overbought and oversold zones
* buying and selling pressure based on candle position and volume
* optional mtf calculation modes
* reversal detection after extreme zones
* optional candle coloring
* a compact dashboard
* visual pressure zones and signal labels
how to use it
add the script to a normal candlestick chart. for the clearest reading, start with the default settings and use a liquid market such as major crypto pairs, forex pairs, indices, or large-cap stocks.
the oscillator moves between 0 and 100.
basic reading:
* above 80 means price is in an overbought area
* below 20 means price is in an oversold area
* above 90 means extreme overbought
* below 10 means extreme oversold
* the 50 line is the neutral zone
* %k above %d shows bullish momentum
* %k below %d shows bearish momentum
the script works best when you do not take every cross. the main idea is to wait for a strong area first, then look for a confirmed shift.
beginner workflow
1. start on the chart mode
use:
calculation / visual mode: chart
this uses the current chart timeframe and is the easiest mode to understand.
2. wait for an extreme zone
for bullish setups, watch for %k to move into the extreme oversold area.
for bearish setups, watch for %k to move into the extreme overbought area.
this arms the setup. it does not mean enter immediately.
3. wait for confirmation
a bullish reversal becomes more interesting when:
* %k crosses above %d
* the oscillator starts rising
* buying pressure improves
* the signal appears after an oversold expansion
a bearish reversal becomes more interesting when:
* %k crosses below %d
* the oscillator starts falling
* selling pressure improves
* the signal appears after an overbought expansion
4. check the pressure
the pressure background and ribbons help show whether buyers or sellers are gaining control.
green pressure means buying is stronger.
red pressure means selling is stronger.
neutral pressure means the market may still be undecided.
5. use the dashboard
the dashboard summarizes:
* active mode
* current bias
* mtf bias
* slope
* oscillator zone
* buying or selling pressure
* %k and %d values
* signal strength
* armed state
for beginners, the most useful dashboard rows are state, zone, pressure, and armed.
recommended settings
for beginners:
* calculation / visual mode: chart
* require explosion first: true
* minimum confluence strength: 2
* hide mid-range noise: true
* show pressure: true
* show dashboard: true
* candle color: off at first
for cleaner signals:
* require explosion first: true
* minimum confluence strength: 3
* hide mid-range noise: true
* mtf bias filters signals: true
for faster signals:
* require explosion first: false
* minimum confluence strength: 2
* hide mid-range noise: true
for multi-timeframe use:
mtf strict shows the oscillator calculated directly from the selected higher timeframe.
mtf bias keeps the chart oscillator smoother while using the higher timeframe as a directional filter.
a simple setup is:
* chart timeframe: 5m or 15m
* mtf timeframe: 1h
* mtf bias filters signals: true
where to use it
the script can be used on:
* crypto
* forex
* indices
* stocks
* futures
it is usually cleaner on markets with good liquidity and enough volume. low-volume markets can create noisy pressure readings and weaker signal quality.
timeframes
for scalping, try 1m to 5m, but expect more noise.
for intraday trading, 5m to 30m is usually easier to read.
for swing trading, 1h to 4h gives slower but cleaner signals.
how not to use it
do not buy only because the oscillator is oversold.
do not sell only because the oscillator is overbought.
do not use one signal without checking market structure.
do not use it as a guaranteed entry system.
do not ignore risk management.
best practice
use the script as a timing and confirmation tool.
a stronger bullish setup usually has:
* price near support or after a liquidity sweep
* %k coming from oversold or extreme oversold
* buying pressure improving
* bullish signal strength at least 2 or 3
* mtf bias not fighting the trade
a stronger bearish setup usually has:
* price near resistance or after a failed breakout
* %k coming from overbought or extreme overbought
* selling pressure improving
* bearish signal strength at least 2 or 3
* mtf bias not fighting the trade
alerts
alerts are available for:
* bullish reversal after extreme oversold
* bearish reversal after extreme overbought
* extreme oversold
* extreme overbought
* pressure flip bullish
* pressure flip bearish
use alerts as reminders to check the chart, not as automatic trade entries.
notes
this script is an analysis tool. it does not guarantee results. all signals should be reviewed with price action, trend context, volatility, and personal risk rules before making a trade decision.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Light the candle that sleeps within you.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Light the candle that sleeps within you.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.