OPEN-SOURCE SCRIPT
WT + Stoch RSI Reversal Combo
Overview – WT + Stoch RSI Reversal Combo
This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals.
It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends.
🔧 Key Features:
WaveTrend Oscillator with optional Laguerre smoothing.
Stochastic RSI with adjustable smoothing and thresholds.
Buy/Sell combo signals when both indicators agree.
Histogram for WT momentum visualization.
Configurable overbought/oversold levels.
Custom dotted white lines at +100 / -100 levels for reference.
Alerts for buy/sell combo signals.
Toggle visibility for each element (lines, signals, histogram, etc.).
✅ How to Use the Indicator
1. Add to Chart
Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart".
2. Understand the Signals
Green Triangle (BUY) – Appears when:
WT1 crosses above WT2 in oversold zone.
Stoch RSI %K crosses above %D in oversold region.
Red Triangle (SELL) – Appears when:
WT1 crosses below WT2 in overbought zone.
Stoch RSI %K crosses below %D in overbought region.
⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability.
3. Tune Settings
Open the settings ⚙️ and adjust:
Channel Lengths, smoothing, and thresholds for both indicators.
Enable/disable visibility of:
WT lines
Histogram
Stoch RSI
Horizontal level lines
Combo signals
4. Use with Price Action
Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines.
Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading.
5. Set Alerts
Set alerts using:
"WT + Stoch RSI Combo BUY Signal"
"WT + Stoch RSI Combo SELL Signal"
This helps you catch setups in real time without watching the chart constantly.
📊 Ideal Use Cases
Reversal trading from extremes
Mean reversion strategies
Timing entries/exits during consolidations
Momentum confirmation for breakouts
This custom TradingView indicator combines WaveTrend (WT) and Stochastic RSI (Stoch RSI) to detect high-probability market reversal zones and generate Buy/Sell signals.
It enhances accuracy by requiring confirmation from both oscillators, helping traders avoid false signals during noisy or weak trends.
🔧 Key Features:
WaveTrend Oscillator with optional Laguerre smoothing.
Stochastic RSI with adjustable smoothing and thresholds.
Buy/Sell combo signals when both indicators agree.
Histogram for WT momentum visualization.
Configurable overbought/oversold levels.
Custom dotted white lines at +100 / -100 levels for reference.
Alerts for buy/sell combo signals.
Toggle visibility for each element (lines, signals, histogram, etc.).
✅ How to Use the Indicator
1. Add to Chart
Paste the full Pine Script code into TradingView's Pine Editor and click "Add to Chart".
2. Understand the Signals
Green Triangle (BUY) – Appears when:
WT1 crosses above WT2 in oversold zone.
Stoch RSI %K crosses above %D in oversold region.
Red Triangle (SELL) – Appears when:
WT1 crosses below WT2 in overbought zone.
Stoch RSI %K crosses below %D in overbought region.
⚠️ A signal only appears when both WT and Stoch RSI agree, increasing reliability.
3. Tune Settings
Open the settings ⚙️ and adjust:
Channel Lengths, smoothing, and thresholds for both indicators.
Enable/disable visibility of:
WT lines
Histogram
Stoch RSI
Horizontal level lines
Combo signals
4. Use with Price Action
Use this indicator in conjunction with support/resistance zones, chart patterns, or trendlines.
Works best on lower timeframes (5m–1h) for scalping or 1h–4h for swing trading.
5. Set Alerts
Set alerts using:
"WT + Stoch RSI Combo BUY Signal"
"WT + Stoch RSI Combo SELL Signal"
This helps you catch setups in real time without watching the chart constantly.
📊 Ideal Use Cases
Reversal trading from extremes
Mean reversion strategies
Timing entries/exits during consolidations
Momentum confirmation for breakouts
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。