There are 2 alerts, one for a long condition and one for a short condition.
CRITERIA FOR ALERTS:
Long condition happens when the k value of the Stochastic RSI crosses above the d value AND the Rate of Change formula shows we are not going sideways
Short condition happens when the k value of the Stochastic RSI crosses below the d value AND the Rate of Change formula shows we are not going sideways
I have altered the plotting slightly to better suit an indicator.
Green background = long signal
Red background = short signal
White background = no trade/sideways zone
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Added bar colors to identify signals on the chart - blue = long, yellow = short, grey = sideways