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WT + Stoch RSI Reversal Combo

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📊MR.Z RSI : WT + Stochastic RSI Reversal Combo [v6]
This custom indicator combines WaveTrend oscillator and Stochastic RSI to detect high-confidence market reversal points, filtering signals so they only appear when both indicators align.

🔍 Core Components:
✅ WaveTrend Oscillator
Based on smoothed deviation from EMA (similar to TCI logic)

Plots:

WT1 (main line)

WT2 (signal line = SMA of WT1)

Uses overbought/oversold thresholds (default: ±53) to filter signals

✅ Stochastic RSI
Momentum oscillator based on RSI's stochastic value

Plots:

%K: smoothed Stoch of RSI

%D: smoothed version of %K

Adjustable oversold/overbought thresholds (default: 20/80)

🔁 Combined Reversal Signal Logic:
🔼 Buy Signal
WT1 crosses above WT2 below WT oversold level (e.g., -53)

%K crosses above %D below Stoch RSI oversold level (e.g., 20)

🔽 Sell Signal
WT1 crosses below WT2 above WT overbought level (e.g., 53)

%K crosses below %D above Stoch RSI overbought level (e.g., 80)

🔔 Signals are only plotted and alerted if both conditions are true.

📌 Features:
Toggle on/off:

WaveTrend lines and histogram

Stochastic RSI

Combined Buy/Sell signals

Horizontal reference lines (±100, OB/OS)

Fully customizable smoothing lengths and thresholds

Signal plots:

✅ Green up-triangle = Combo Buy

✅ Red down-triangle = Combo Sell

Optional: Circle/cross markers for WT-only and Stoch-only signals

🔔 Built-in alerts for Buy/Sell signals

📈 Use Cases:
Reversal Trading: Wait for both indicators to confirm momentum shift

Entry Filter: Use in combination with trend indicators (like EMA)

Scalping or Swing: Works on intraday and higher timeframes

Feragatname

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