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. 🚀
Skrypt open-source
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. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
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