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//@version=4
study(shorttitle="BBSR Extreme", title="Bollinger Bands Stochastic RSI Extreme Signal", overlay=true, resolution="")
//General Inputs
src = input(close, title="Source")
offset = input(0, "Offset", type = input.integer, minval = -500, maxval = 500)
//Bollinger Inputs
length = input(20, title="Bollinger Band Length", minval=1)
mult = input(2.0, minval=0.001, maxval=50, title="StdDev")
//Bollinger Code
basis = sma(src, length)
dev = mult * stdev(src, length)
upper = basis + dev
lower = basis - dev
plot(basis, "BB Basis", color=#872323, offset = offset)
p1 = plot(upper, "BB Upper", color=color.teal, offset = offset)
p2 = plot(lower, "BB Lower", color=color.teal, offset = offset)
fill(p1, p2, title = "BB Background", color=#198787, transp=95)
//Stoch Inputs
smoothK = input(3, "K", minval=1)
smoothD = input(3, "D", minval=1)
lengthRSI = input(14, "RSI Length", minval=1)
lengthStoch = input(14, "Stochastic Length", minval=1)
upperlimit = input(90, "Upper Limit", minval=0.01)
lowerlimit = input(10, "Upper Limit", minval=0.01)
//Stochastic Code
rsi1 = rsi(src, lengthRSI)
k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK)
d = sma(k, smoothD)
//Evaluation
Bear = close[1] > upper[1] and close < upper
and k[1] > upperlimit and d[1] > upperlimit
Bull = close[1] < lower[1] and close > lower
and k[1] < lowerlimit and d[1] < lowerlimit
//Plots
plotshape(Bear, style=shape.triangledown, location=location.abovebar,
color=color.red, size=size.tiny)
plotshape(Bull, style=shape.triangleup, location=location.belowbar,
color=color.green, size=size.tiny)