OPEN-SOURCE SCRIPT
Updated MTF Stochastic Range Finder
This indicator compares Stochastic RSI from 2 timeframes to signal possible reversals. Default 5 minute and 2 minute. Both Stochastic RSIs are customizable.
Allows for 6 support/resistance lines and allows a tolerance to filter proximity to levels for entry.
Can filter price level by manual support/resistance levels and/or VWAP
Allows for 6 support/resistance lines and allows a tolerance to filter proximity to levels for entry.
Can filter price level by manual support/resistance levels and/or VWAP
Release Notes
Updated with Automatic Key levels, Static Levels, and Dynamic Levels.Automatic Levels for Pre-market high/low, Previous Day high/low, and yesterday's afterhours high/low. Automatic levels can serve as key pivot points of visual only tools.
Static Levels can be input manually for further customization of support/resistance levels.
Dynamic Levels for Bollinger Bands and VWAP can also be used as key levels.
Release Notes
Added Bollinger Band Types; WMA, RMA, VWMAOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.