The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v4 · On the chart
WE: TDI/STOCH/SIGNALS
This indicator overlays buy and sell signals on the price chart by combining multi-period Stochastic oscillators with a Traders Dynamic Index (TDI).
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code115
Settings7inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
WE: TDI/STOCH/SIGNALS computes three Stochastic oscillators across different lengths and checks if all lengths concurrently reach extreme oversold or overbought levels. Simultaneously, it evaluates TDI conditions based on RSI moving averages and volatility bands. When both Stochastic and TDI criteria trigger together, shape labels appear on the chart. Built-in presets automatically tune RSI and threshold parameters for specific trading pairs like BTCUSD and XAUUSD across multiple timeframes.
- Multi-period Stochastic confluence signals
- Traders Dynamic Index with RSI volatility bands
- Preset configurations for BTCUSD and XAUUSD
- On-chart buy and sell signal labels
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Volatility & bands
Markets
Crypto, Gold
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| Configuration mode : | string | BTCUSD/4H | mode |
| RSI Period | int | 14 | rsiPeriodValue |
| Band Length | int | 31 | bandLength |
| Fast MA on RSI | int | 1 | lengthrsipl |
| Slow MA on RSI | int | 9 | lengthtradesl |
| RSI Oversold | int | 30 | oversold |
| RSI Overbought | int | 70 | overbought |
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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