OPEN-SOURCE SCRIPT
Stochastic Trend Evaluator (STE)

[u]Stochastic Trend Evaluator (STE): Detailed Description[/u]
Overview:
The Stochastic Trend Evaluator (STE) is a sophisticated trading tool designed for TradingView that combines stochastic oscillation analysis with Exponential Moving Average (EMA) trends. It is tailored to assist traders in identifying potential buy and sell opportunities in various market conditions, particularly focusing on trend reversals and momentum shifts.
Functionality & Concept:
The STE is built on two core components – the Stochastic Oscillator and the 200-period EMA.
Signal Generation:
STE generates signals based on the interaction between the Stochastic Oscillator and the 200 EMA.
Background Color Indicator:
The background color of the chart changes to enhance visual interpretation of the market condition.
Green background for a bullish market scenario (when a buy signal is active).
Red background for a bearish market scenario (when a sell signal is active).
Usage Guidelines:
The STE is best used in markets that exhibit clear trends.
Ideal for traders focusing on medium to long-term trade setups.
Can be used in conjunction with other indicators for confirmation and risk management.
[color=#FF0000]Note[/color]: The STE, being a proprietary tool, is based on a unique blend of standard technical analysis concepts and custom logic to provide these trading signals. It is designed to give traders a comprehensive view of the market momentum and trend strength without revealing the intricate details of its algorithm.
Overview:
The Stochastic Trend Evaluator (STE) is a sophisticated trading tool designed for TradingView that combines stochastic oscillation analysis with Exponential Moving Average (EMA) trends. It is tailored to assist traders in identifying potential buy and sell opportunities in various market conditions, particularly focusing on trend reversals and momentum shifts.
Functionality & Concept:
The STE is built on two core components – the Stochastic Oscillator and the 200-period EMA.
- []Stochastic Oscillator:
- []This oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period.
[]Settings:
- %K Length: 14
- %K Smoothing: 3
- %D Smoothing: 3
[]The %K line is the main line indicating momentum, while the %D line is a moving average of %K, providing signal triggers.
- []The 200-period EMA serves as a dynamic trend indicator.
[]It helps in distinguishing between bullish and bearish market phases.
[]A closing price above the 200 EMA suggests a bullish trend, while below it indicates a bearish trend.
- []This oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period.
Signal Generation:
STE generates signals based on the interaction between the Stochastic Oscillator and the 200 EMA.
- Buy Signal:
Occurs when the stochastic %K crosses above 20 (indicative of oversold conditions), and the closing price is above the 200 EMA.
Represented visually by green label-up arrows. - Sell Signal:
Triggered when the stochastic %K crosses below 80 (suggestive of overbought conditions), and the closing price is below the 200 EMA.
Indicated by red label-down arrows.
Background Color Indicator:
The background color of the chart changes to enhance visual interpretation of the market condition.
Green background for a bullish market scenario (when a buy signal is active).
Red background for a bearish market scenario (when a sell signal is active).
Usage Guidelines:
The STE is best used in markets that exhibit clear trends.
Ideal for traders focusing on medium to long-term trade setups.
Can be used in conjunction with other indicators for confirmation and risk management.
[color=#FF0000]Note[/color]: The STE, being a proprietary tool, is based on a unique blend of standard technical analysis concepts and custom logic to provide these trading signals. It is designed to give traders a comprehensive view of the market momentum and trend strength without revealing the intricate details of its algorithm.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。