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Stochastic RSI Elite Indicator Script

The document outlines the configuration for a trading instrument called 'STOCH RSI ELITE MR&', detailing input parameters for RSI, %K, and %D calculations. It includes settings for overbought and oversold levels, along with visual customization options like colors and line widths. The script computes the Stochastic RSI values and plots them along with the specified support lines.

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Amir
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14 views2 pages

Stochastic RSI Elite Indicator Script

The document outlines the configuration for a trading instrument called 'STOCH RSI ELITE MR&', detailing input parameters for RSI, %K, and %D calculations. It includes settings for overbought and oversold levels, along with visual customization options like colors and line widths. The script computes the Stochastic RSI values and plots them along with the specified support lines.

Uploaded by

Amir
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

instrument { name = "STOCH RSI ELITE MR&" }

input_group {
"RSI",
rsi_period = input (14, "[Link]", [Link], 1)
}

input_group {
"%K",
k_period = input (14, "[Link]", [Link], 1),
smooth = input (3, "[Link]", [Link], 1),

source = input (1, "[Link]", input.string_selection,


[Link]),

k_color = input { default = "#56CEFF", type = [Link] },


k_width = input { default = 1, type = input.line_width}
}

input_group {
"%D",
d_period = input (3, "[Link]", [Link], 1),

d_color = input { default = "#FF7700", type = [Link] },


d_width = input { default = 1, type = input.line_width}
}

input_group {
"[Link]",
overbought = input (80, "[Link]", [Link], 1, 100, 1, false),
oversold = input (20, "[Link]", [Link], 1, 100, 1, false),

overbought_color = input { default = rgba(37,225,84,0.50), type =


[Link] },
oversold_color = input { default = rgba(255,108,88,0.50), type =
[Link] },
bg_color = input { default = rgba(255,255,255,0.05), type = [Link] },

support_width = input { default = 1, type = input.line_width}


}

local sourceSeries = inputs [source]

delta = sourceSeries - sourceSeries [1]

up = ssma (max (delta, 0), rsi_period)


down = ssma (max (-delta, 0), rsi_period)

rs = up / down
rsi = 1 - 1 / (1 + rs)

ll = lowest (rsi, k_period)


rk = (rsi - ll) / (highest (rsi, k_period) - ll)

k = sma (rk, smooth) * 100


d = sma (k, d_period)

fill_area (overbought, oversold, "", bg_color)


hline { value = overbought, color = overbought_color, width = support_width,
style = style.dash_line }
hline { value = oversold, color = oversold_color, width = support_width, style =
style.dash_line }

plot (k, "%K", k_color, k_width)


plot (d, "%D", d_color, d_width)

hline { value = 90, color = rgba(255,255,255,0), show_label = false }


hline { value = 10, color = rgba(255,255,255,0), show_label = false }

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