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Combining Stochastic, RSI, and MACD Indicators in a Trading Script

Article Strategy library · Author: cyrule
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Summary

This document shows part of a charting-platform script titled “2nd Grade Strategy.” The visible portion calculates and displays a stochastic oscillator, RSI, and MACD, with user-selectable moving average types for smoothing. The stochastic section marks crossovers in oversold and overbought regions, while the RSI and MACD sections expose their own parameters and plots. The script also defines reference levels for overbought, oversold, and the centerline, and sets a default position size as a percentage of equity.

The supplied text cuts off during the MACD calculation, before the remaining code and any complete entry or exit rules are visible. It therefore supports learning about configuring and combining common technical indicators, but does not establish the strategy’s full trading logic or performance. No backtest results or market-specific validation are included, so the indicator display and settings alone provide no evidence of profitability.

Key ideas

  • The visible script combines stochastic, RSI, and MACD indicator calculations and plots.
  • Stochastic crossovers are highlighted when the oscillator is in specified overbought or oversold regions.
  • Several moving average methods can be selected for smoothing the stochastic values.
  • The excerpt ends during the MACD calculation, leaving the complete strategy rules unknown.
  • The document provides no performance results or validation evidence.

Tags

Technical indicatorsMomentumBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.