OPEN-SOURCE SCRIPT
WealthElf Bungee
Overview
The WealthElf Bungee helps traders identify overbought/oversold conditions and momentum shifts using multiple stochastic timeframes, RSI, and Williams %R. You can look at any of these infdividualy, or an average of all to provide an aggregated concensus view (how I use it)
How to Use
Fixed OverBought/OverSold Levels – Default 80/20, customizable in settings.
Variable OverBought/OverSold Levels – based on StdDev of the average line, customizable in settings.
Indicators – Toggle Stochastic (8, 16, 34, 76), RSI (2), and Williams %R (2) as needed.
Average Line & EMA – Tracks overall momentum; green = bullish, red = bearish.
Alerts – Signals when indicators cross key levels.
Use it to time entries/exits and improve decision-making within your broader strategy. 🚀
The WealthElf Bungee helps traders identify overbought/oversold conditions and momentum shifts using multiple stochastic timeframes, RSI, and Williams %R. You can look at any of these infdividualy, or an average of all to provide an aggregated concensus view (how I use it)
How to Use
Fixed OverBought/OverSold Levels – Default 80/20, customizable in settings.
Variable OverBought/OverSold Levels – based on StdDev of the average line, customizable in settings.
Indicators – Toggle Stochastic (8, 16, 34, 76), RSI (2), and Williams %R (2) as needed.
Average Line & EMA – Tracks overall momentum; green = bullish, red = bearish.
Alerts – Signals when indicators cross key levels.
Use it to time entries/exits and improve decision-making within your broader strategy. 🚀
開源腳本
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。
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