OPEN-SOURCE SCRIPT
Stoch + RSI Super Buy Spot

What does this indicator do?
This indicator helps you spot the moment when a price is likely to start bouncing,
before the bounce becomes obvious on the chart.
Most buy signals appear after price has already moved up.
This indicator is designed to show a signal just before the move begins.
What kind of situation does it look for?
The indicator looks for three conditions at the same time.
① Price has fallen a lot
The Stochastic line is near the bottom (0–20).
This means the market has recently dropped significantly.
② The market is weak, but not broken
The RSI line stays between 40 and 50.
This suggests selling pressure exists, but strength is still holding.
③ Downward movement starts to slow and turn up
The Stochastic line stops falling
and starts to move upward, even slightly.
👉 When all three happen together, the indicator marks a BUY timing.
Why does this signal appear earlier than others?
Many indicators wait for:
line crossovers, or
levels to be clearly broken
That often means the signal appears after the price has already risen.
This indicator:
does not wait for crossovers
instead, it detects the first change in direction
So the signal appears one step earlier.
How should you use this BUY signal?
This BUY mark means:
“The downtrend may be ending, and a rebound could be starting.”
It is best used as:
a preparation signal, or
a buy zone alert,
not as a guaranteed entry on its own.
When does this indicator work best?
After a strong decline
Near support levels
During consolidation after a drop
It is especially useful for catching early rebounds.
One-sentence summary
“An indicator that highlights early signs of a rebound while the price is still low.”
This indicator helps you spot the moment when a price is likely to start bouncing,
before the bounce becomes obvious on the chart.
Most buy signals appear after price has already moved up.
This indicator is designed to show a signal just before the move begins.
What kind of situation does it look for?
The indicator looks for three conditions at the same time.
① Price has fallen a lot
The Stochastic line is near the bottom (0–20).
This means the market has recently dropped significantly.
② The market is weak, but not broken
The RSI line stays between 40 and 50.
This suggests selling pressure exists, but strength is still holding.
③ Downward movement starts to slow and turn up
The Stochastic line stops falling
and starts to move upward, even slightly.
👉 When all three happen together, the indicator marks a BUY timing.
Why does this signal appear earlier than others?
Many indicators wait for:
line crossovers, or
levels to be clearly broken
That often means the signal appears after the price has already risen.
This indicator:
does not wait for crossovers
instead, it detects the first change in direction
So the signal appears one step earlier.
How should you use this BUY signal?
This BUY mark means:
“The downtrend may be ending, and a rebound could be starting.”
It is best used as:
a preparation signal, or
a buy zone alert,
not as a guaranteed entry on its own.
When does this indicator work best?
After a strong decline
Near support levels
During consolidation after a drop
It is especially useful for catching early rebounds.
One-sentence summary
“An indicator that highlights early signs of a rebound while the price is still low.”
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.