RSI, ADX, MACD & Stochastic by MB

RSI, ADX, MACD & Stochastic by MB

This comprehensive trading indicator combines four powerful technical analysis tools into a single script:

Relative Strength Index (RSI): Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.

Average Directional Index (ADX): Used to quantify trend strength and helps traders identify strong trends.

Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.

Stochastic Oscillator: Compares a particular closing price of a security to a range of its prices over a certain period of time.

Features:
Adjustable Parameters: Fine-tune the length of each indicator to match your trading strategy.

Combined Oscillator: A normalized composite indicator that integrates the RSI, ADX, MACD, and Stochastic Oscillator to provide a holistic view of market conditions.

Reference Plots: Visualize individual indicators alongside the combined oscillator for deeper analysis.

Overbought/Oversold Levels: Highlight key levels to aid in identifying potential reversal points.

Parameters:
RSI Length

MA Length

ADX Length

DI Length

MACD Fast Length

MACD Slow Length

MACD Signal Length

Stochastic K Length

Stochastic D Length

Stochastic K Smoothing

This script is designed to provide traders with a comprehensive tool for analyzing market trends and identifying potential trading opportunities. The combined oscillator offers a unique perspective by integrating multiple indicators into a single, easy-to-read plot.