Elgrand - Overbought/sold Rsi + Stochastic zones

Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit

เอกสารเผยแพร่:

Update :

• Upgraded to use version 4 of Pinescript
  Added and extra timeframe which will show in yellow on your chart : this way you can decide to enter exit if 1H overbought/oversold is also happening on the 4H timeframe. Idea is that this will lower your entry/exit risk.
  

Todo :

• Make the parent timeframe display optional
  Be able to choose per timeframe which parent timeframe you would like to use