Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v5 · Own pane
Stochastic Slow (Momentum Oscillator)
This indicator computes and plots the Slow Stochastic momentum oscillator in a separate chart pane.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code30
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago9 Aug 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
30 lines of Pine Script v5 from indicators/stochastic_slow.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AugustoErni
//@version=5
indicator("Stochastic Slow (Momentum Oscillator)", shorttitle="Stochastic", overlay = false)
smaCalculation(source, length) =>
sma = 0.0
for i = 0 to length - 1
sma := sma + source[i]
sma := sma / length
lengthPeriod = input.int(defval=13, title="Length Period Stochastic %K", step=1, tooltip="Calculate the stochastic length for %K over the specified period.")
smoothK = input.int(defval=2, minval=1, title="%K Smoothing", step=1, tooltip="Calculate the stochastic %K smoothing over the specified period.")
smoothD = input.int(defval=3, minval=1, title="%D Smoothing", step=1, tooltip="Calculate the stochastic %D smoothing over the specified period.")
lowestLow = ta.lowest(low, lengthPeriod)
highestHigh = ta.highest(high, lengthPeriod)
K = smaCalculation(100 * (close - lowestLow) / (highestHigh - lowestLow), smoothK)
D = smaCalculation(K, smoothD)
plot(K, color=color.rgb(0, 48, 246), title="%K")
plot(D, color=color.rgb(252, 108, 0), title="%D")
hLineUpperLevel = hline(80, "Upper Level", color=color.gray)
hLineMiddleLevel = hline(50, "Middle Level", color=color.rgb(99, 99, 99, 60))
hLineLowerLevel = hline(20, "Lower Level", color=color.gray)
fill(hLineUpperLevel, hLineLowerLevel, color=color.rgb(33, 99, 135, 75), title="Background")
Overview
Stochastic Slow (Momentum Oscillator) calculates the raw stochastic percentage based on price location within the highest high and lowest low range over a user-defined period, smoothing the result with custom simple moving average functions to generate the %K and %D lines. Horizontal reference lines are plotted at 80, 50, and 20 to mark typical overbought, middle, and oversold thresholds.
- Slow Stochastic oscillator calculation
- Custom loop-based SMA smoothing function
- Adjustable %K period, %K smoothing, and %D smoothing
- Overbought, oversold, and midline reference levels with background fill
Details
Published by
augustoerni on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length Period Stochastic %K | int | 13 | lengthPeriod |
| %K Smoothing | int | 2 | smoothK |
| %D Smoothing | int | 3 | smoothD |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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