[COG]StochRSI Zenith

2月16日

📊 [COG]StochRSI Zenith

This indicator combines the traditional Stochastic RSI with enhanced visualization features and multi-timeframe analysis capabilities. It's designed to provide traders with a comprehensive view of market conditions through various technical components.

🔑 Key Features:

• Advanced StochRSI Implementation
- Customizable RSI and Stochastic calculation periods
- Multiple moving average type options (SMA, EMA, SMMA, LWMA)
- Adjustable signal line parameters

• Visual Enhancement System
- Dynamic wave effect visualization
- Energy field display for momentum visualization
- Customizable color schemes for bullish and bearish signals
- Adaptive transparency settings

• Multi-Timeframe Analysis
- Higher timeframe confirmation
- Synchronized market structure analysis
- Cross-timeframe signal validation

• Divergence Detection
- Automated bullish and bearish divergence identification
- Customizable lookback period
- Clear visual signals for confirmed divergences

• Signal Generation Framework
- Price action confirmation
- SMA-based trend filtering
- Multiple confirmation levels for reduced noise
- Clear entry signals with customizable display options

📈 Technical Components:

1. Core Oscillator
- Base calculation: 13-period RSI (adjustable)
- Stochastic calculation: 8-period (adjustable)
- Signal lines: 5,3 smoothing (adjustable)

2. Visual Systems
- Wave effect with three layers of visualization
- Energy field display with dynamic intensity
- Reference bands at 20/30/50/70/80 levels

3. Confirmation Mechanisms
- SMA trend filter
- Higher timeframe alignment
- Price action validation
- Divergence confirmation

⚙️ Customization Options:

• Visual Parameters
- Wave effect intensity and speed
- Energy field sensitivity
- Color schemes for bullish/bearish signals
- Signal display preferences

• Technical Parameters
- All core calculation periods
- Moving average types
- Divergence detection settings
- Signal confirmation criteria

• Display Settings
- Chart and indicator signal placement
- SMA line visualization
- Background highlighting options
- Label positioning and size


🔍 Technical Implementation:

The indicator combines several advanced techniques to generate signals. Here are key components with code examples:

1. Core StochRSI Calculation:
// Base RSI calculation

rsi = ta.rsi(close, rsi_length)

// StochRSI transformation

stochRSI = ((ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) != 0) ? 
    (100 * (rsi - ta.lowest(rsi, stoch_length))) / 
    (ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) : 0

2. Signal Generation System:
// Core signal conditions

crossover_buy = crossOver(sk, sd, cross_threshold)
valid_buy_zone = sk < 30 and sd < 30
price_within_sma_bands = close <= sma_high and close >= sma_low

// Enhanced signal generation

if crossover_buy and valid_buy_zone and price_within_sma_bands and htf_allows_long
    if is_bullish_candle
        long_signal := true
    else
        awaiting_bull_confirmation := true

3. Multi-Timeframe Analysis:

[htf_sk, htf_sd] = request.security(syminfo.tickerid, mtf_period, 
    [getMa(stochRSI, signal_k_length), 
     getMa(getMa(stochRSI, signal_k_length), signal_d_length)])

The HTF filter looks at a higher timeframe (default: 4H) to confirm the trend
It only allows:

Long trades when the higher timeframe is bullish
Short trades when the higher timeframe is bearish


📈 Trading Application Guide:

1. Signal Identification
• Oversold Opportunities (< 30 level)
- Look for bullish crosses of K-line above D-line
- Confirm with higher timeframe alignment
- Wait for price action confirmation (bullish candle)

• Overbought Conditions (> 70 level)
- Watch for bearish crosses of K-line below D-line
- Verify higher timeframe condition
- Confirm with bearish price action

2. Divergence Trading
• Bullish Divergence
- Price makes lower lows while indicator makes higher lows
- Most effective when occurring in oversold territory
- Use with support levels for entry timing

• Bearish Divergence
- Price makes higher highs while indicator shows lower highs
- Most reliable in overbought conditions
- Combine with resistance levels

3. Wave Effect Analysis
• Strong Waves
- Multiple wave lines moving in same direction indicate momentum
- Wider wave spread suggests increased volatility
- Use for trend strength confirmation

• Energy Field
- Higher intensity in trading zones suggests stronger moves
- Use for momentum confirmation
- Watch for energy field convergence with price action

The energy field is like a heat map that shows momentum strength
It gets stronger (more visible) when:

Price is in oversold (<30) or overbought (>70) zones
The indicator lines are moving apart quickly
A strong signal is forming


Think of it as a "strength meter" - the more visible the energy field, the stronger the potential move

4. Risk Management Integration
• Entry Confirmation
- Wait for all signal components to align
- Use higher timeframe for trend direction
- Confirm with price action and SMA positions

• Stop Loss Placement
- Consider placing stops beyond recent swing points
- Use ATR for dynamic stop calculation
- Account for market volatility

5. Position Management
• Partial Profit Taking
- Consider scaling out at overbought/oversold levels
- Use wave effect intensity for exit timing
- Monitor energy field for momentum shifts

• Trade Duration
- Short-term: Use primary signals in trading zones
- Swing trades: Focus on divergence signals
- Position trades: Utilize higher timeframe signals

⚠️ Important Usage Notes:

• Avoid:
- Trading against strong trends
- Relying solely on single signals
- Ignoring higher timeframe context
- Over-leveraging based on signals

Remember: This tool is designed to assist in analysis but should never be used as the sole decision-maker for trades. Always maintain proper risk management and combine with other forms of analysis.

2月16日

發行說明

small change on comments

2月17日

發行說明

Added option to choose Entry Colour individually