RSI Stoch Signals

RSI Stoch Signals

This indicator provides a clear, at-a-glance dashboard for monitoring both the Relative Strength Index (RSI) and Stochastic Oscillator on any instrument or timeframe.
Whenever both RSI and Stochastic %K simultaneously exceed their respective overbought or oversold levels, the indicator displays an arrow signal in the indicator window.
These signals highlight strong momentum and can help traders quickly identify high-probability reversal zones.

As with all my free tools, the arrow symbol can be easily changed in the indicator's input settings. Simply adjust the ArrowCode parameter to a Unicode character code supported by MetaTrader 5, e.g. Wingdings character set. This allows you to personalize the signal appearance to match your preferences or chart style.

This tool is intended for manual analysis and decision support for traders who want a fast, visual summary of two key momentum indicators without cluttering the main price chart and with no repainting or lagging values.

Key Features:

• Real-time dashboard for RSI and Stochastic %K values, always visible in a separate indicator window.

• Clear visual separation of signal, RSI, and Stochastic sections for ease of analysis.

• Strong signal arrows appear only when both indicators confirm an extreme condition.

• Fully customizable appearance: colors, font, dashboard position, and arrow symbol.

• Works on all symbols and timeframes.
  
  

The dashboard is divided into three sections:

• The latest combined signal (BUY, SELL, or NONE)

• Current RSI value and configured levels,

• Current Stochastic %K value and configured levels.

Multiple combinations of indicators do not necessarily give a better result.
2–3 complementary indicators often provide the best overview.