Stochastic cross in extremes
Stochastic cross in extremes is an alert that checks every 1 hour, can fire every time its condition is met, waits 3 bars between alerts and shows whe
core language
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alert "Stochastic cross in extremes"2
check: every 1h3
repeat: every time4
cooldown: 3 bars5
show_on_chart: true6
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k_line = stoch().k8
d_line = stoch().d9
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when crosses_above(k_line, d_line) and k_line < 20:11
notify "Stochastic bullish cross at {k_line:0} on {market.symbol}"12
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when crosses_below(k_line, d_line) and k_line > 80:14
notify "Stochastic bearish cross at {k_line:0} on {market.symbol}"What this script says
Stochastic cross in extremes is an alert that checks every 1 hour, can fire every time its condition is met, waits 3 bars between alerts and shows where it fires on the chart.
It calculates k_line as the k of the stochastic and d_line as the d of the stochastic.
When k_line crosses above d_line and k_line is below 20, it sends the notification "Stochastic bullish cross at {k_line:0} on {market.symbol}".
When k_line crosses below d_line and k_line is above 80, it sends the notification "Stochastic bearish cross at {k_line:0} on {market.symbol}".