“Entry Signal” TOS to Prorealcode

• 02/16/2025 at 3:55 AM #243902
  gp38super

  Hi. Tried on my own but still can’t get what I’m looking for. This is an entry signal I use for options scalping on a 2min chart. Looks to be STC based, from my little knowledge.
  TOS script:
  input fastLength = 6;
  input slowLength = 50;
  input kperiod = 10;
  input dperiod = 3;
  input overboughtLevel = 75;
  input oversoldLevel = 15;

  def STC = SchaffTrendCycle(“fast length” = fastLength, “slow length” = slowLength, “k period” = kperiod, “dperiod” = dperiod);
  def STCCrossAboveOversold = STC > oversoldLevel and STC[1] <= oversoldLevel; plot UpArrow = if STCCrossAboveOversold then low - 2 else Double.NaN; UpArrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); UpArrow.SetLineWeight(1); UpArrow.SetDefaultColor(Color.UPTICK); ______________________________________________________ Not sure if needed or not, but here is the TOS STC script, incase its useful from the above reference: declare lower; input fastLength = 23; input slowLength = 50; input KPeriod = 10; input DPeriod = 3; input over_bought = 75; input over_sold = 25; input averageType = AverageType.EXPONENTIAL; def macd = MovingAverage(averageType, close, fastLength) - MovingAverage(averageType, close, slowLength); def fastK1 = FastKCustom(macd, KPeriod); def fastD1 = MovingAverage(averageType, fastK1, DPeriod); def fastK2 = FastKCustom(fastD1, KPeriod); plot STC = MovingAverage(averageType, fastK2, DPeriod); plot OverBought = over_bought; plot OverSold = over_sold; STC.SetDefaultColor(GetColor(8)); OverBought.SetDefaultColor(GetColor(7)); OverSold.SetDefaultColor(GetColor(7)); This is a pretty solid signal. Have used it successfully for months. Works very well trading SPX options in particular.

  

  gp38super

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  02/16/2025 at 3:56 AM #243903
  gp38super

  Forgot to attach a screenshot of signals.

  Thanks!

  

  gp38super

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  02/16/2025 at 3:57 AM #243905
  gp38super

  It occasionally throws false signals, but I use other indicators and price action to minimize poor entries.

  

  gp38super

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  02/20/2025 at 4:54 PM #244108
  Iván

  This is the oscillator:

  //---------------------------------------------------------// //PRC_Trend Cycle STC //version = 0 //20.02.2025 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //---------------------------------------------------------// // Inputs //---------------------------------------------------------// fastLength = 23 // Fast moving average length (MACD) slowLength = 50 // Slow moving average length (MACD) KPeriod = 10 // %K period for stochastic DPeriod = 3 // %D period for stochastic smoothing overBought = 75 // Overbought level overSold = 25 // Oversold level averageType = 1 // Type of moving average used in calculations //---------------------------------------------------------// // MACD Calculation //---------------------------------------------------------// mymacd= average[fastLength,averageType](close)-average[slowLength,averageType](close) // First Stochastic Stage on MACD LowestMACD = LOWEST[ KPeriod ](mymacd) HighestMACD = HIGHEST[ KPeriod ](mymacd) IF HighestMACD - LowestMACD <> 0 THEN FastK1 = ((mymacd - LowestMACD) / (HighestMACD - LowestMACD)) * 100 ELSE FastK1 = 0 ENDIF FastD1 = AVERAGE[DPeriod,averageType](FastK1) // Smoothed FastK1 // Second Stochastic Stage on FastD1 LowestFastD1 = LOWEST[KPeriod](FastD1) HighestFastD1 = HIGHEST[KPeriod](FastD1) IF HighestFastD1 - LowestFastD1 <> 0 THEN FastK2 = ((FastD1 - LowestFastD1) / (HighestFastD1 - LowestFastD1)) * 100 ELSE FastK2 = 0 ENDIF // Final STC Calculation STC = AVERAGE[DPeriod,averageType](FastK2) //---------------------------------------------------------// // Plot //---------------------------------------------------------// // Detection of Crossovers from the Oversold Zone STCCrossAboveOversold = STC crosses over Oversold if STCCrossAboveOversold then drawpoint(barindex,STC,5)coloured("green",40) drawpoint(barindex,STC,2)coloured("green",200) endif // Color Assignment IF STC > OverBought THEN r = 255 g = 0 b = 0 // Red for overbought ELSIF STC < OverSold THEN r = 0 g = 255 b = 0 // Green for oversold ELSE r = 128 g = 128 b = 128 // Grey for neutral zone ENDIF //---------------------------------------------------------// // Return Oscillator below price //---------------------------------------------------------// RETURN STC AS "STC Oscilador" COLOURED(r,g,b) STYLE(LINE,2), OverBought AS "Sobrecompra" COLOURED("red") STYLE(dottedline), OverSold AS "Sobreventa" COLOURED("green") STYLE(dottedline)

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  //---------------------------------------------------------// //PRC_Trend Cycle STC //version = 0 //20.02.2025 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //---------------------------------------------------------// // Inputs //---------------------------------------------------------// fastLength = 23 // Fast moving average length (MACD) slowLength = 50 // Slow moving average length (MACD) KPeriod = 10    // %K period for stochastic DPeriod = 3     // %D period for stochastic smoothing overBought = 75 // Overbought level overSold = 25   // Oversold level averageType = 1 // Type of moving average used in calculations //---------------------------------------------------------// // MACD Calculation //---------------------------------------------------------// mymacd= average[fastLength,averageType](close)-average[slowLength,averageType](close) // First Stochastic Stage on MACD LowestMACD = LOWEST[ KPeriod ](mymacd) HighestMACD = HIGHEST[ KPeriod ](mymacd) IF HighestMACD - LowestMACD <> 0 THEN FastK1 = ((mymacd - LowestMACD) / (HighestMACD - LowestMACD)) * 100 ELSE FastK1 = 0 ENDIF FastD1 = AVERAGE[DPeriod,averageType](FastK1) // Smoothed FastK1   // Second Stochastic Stage on FastD1 LowestFastD1 = LOWEST[KPeriod](FastD1) HighestFastD1 = HIGHEST[KPeriod](FastD1) IF HighestFastD1 - LowestFastD1 <> 0 THEN FastK2 = ((FastD1 - LowestFastD1) / (HighestFastD1 - LowestFastD1)) * 100 ELSE FastK2 = 0 ENDIF   // Final STC Calculation STC = AVERAGE[DPeriod,averageType](FastK2)   //---------------------------------------------------------// // Plot //---------------------------------------------------------// // Detection of Crossovers from the Oversold Zone STCCrossAboveOversold = STC crosses over Oversold if STCCrossAboveOversold then drawpoint(barindex,STC,5)coloured("green",40) drawpoint(barindex,STC,2)coloured("green",200) endif // Color Assignment IF STC > OverBought THEN r = 255 g = 0 b = 0 // Red for overbought ELSIF STC < OverSold THEN r = 0 g = 255 b = 0 // Green for oversold ELSE r = 128 g = 128 b = 128 // Grey for neutral zone ENDIF //---------------------------------------------------------// // Return Oscillator below price //---------------------------------------------------------// RETURN STC AS "STC Oscilador" COLOURED(r,g,b) STYLE(LINE,2), OverBought AS "Sobrecompra" COLOURED("red") STYLE(dottedline), OverSold AS "Sobreventa" COLOURED("green") STYLE(dottedline)

  And this is the indicator to be inserted on price chart:

  //---------------------------------------------------------// //PRC_Trend Cycle STC //version = 0 //20.02.2025 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //---------------------------------------------------------// // Inputs //---------------------------------------------------------// fastLength = 23 // Fast moving average length (MACD) slowLength = 50 // Slow moving average length (MACD) KPeriod = 10 // %K period for stochastic DPeriod = 3 // %D period for stochastic smoothing overBought = 75 // Overbought level overSold = 25 // Oversold level averageType = 1 // Type of moving average used in calculations //---------------------------------------------------------// // MACD Calculation //---------------------------------------------------------// mymacd= average[fastLength,averageType](close)-average[slowLength,averageType](close) // First Stochastic Stage on MACD LowestMACD = LOWEST[ KPeriod ](mymacd) HighestMACD = HIGHEST[ KPeriod ](mymacd) IF HighestMACD - LowestMACD <> 0 THEN FastK1 = ((mymacd - LowestMACD) / (HighestMACD - LowestMACD)) * 100 ELSE FastK1 = 0 ENDIF FastD1 = AVERAGE[DPeriod,averageType](FastK1) // Smoothed FastK1 // Second Stochastic Stage on FastD1 LowestFastD1 = LOWEST[KPeriod](FastD1) HighestFastD1 = HIGHEST[KPeriod](FastD1) IF HighestFastD1 - LowestFastD1 <> 0 THEN FastK2 = ((FastD1 - LowestFastD1) / (HighestFastD1 - LowestFastD1)) * 100 ELSE FastK2 = 0 ENDIF // Final STC Calculation STC = AVERAGE[DPeriod,averageType](FastK2) //---------------------------------------------------------// // Plot //---------------------------------------------------------// // Detection of Crossovers from the Oversold Zone STCCrossAboveOversold = STC crosses over Oversold if STCCrossAboveOversold then drawarrowup(barindex,low)coloured("green") //drawpoint(barindex,STC,5)coloured("green",40) //drawpoint(barindex,STC,2)coloured("green",200) endif // Color Assignment IF STC > OverBought THEN r = 255 g = 0 b = 0 // Red for overbought ELSIF STC < OverSold THEN r = 0 g = 255 b = 0 // Green for oversold ELSE r = 128 g = 128 b = 128 // Grey for neutral zone ENDIF //---------------------------------------------------------// // Return Oscillator below price //---------------------------------------------------------// RETURN //STC AS "STC Oscilador" COLOURED(r,g,b) STYLE(LINE,2), OverBought AS "Sobrecompra" COLOURED("red") STYLE(dottedline), OverSold AS "Sobreventa" COLOURED("green") STYLE(dottedline)

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  //---------------------------------------------------------// //PRC_Trend Cycle STC //version = 0 //20.02.2025 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //---------------------------------------------------------// // Inputs //---------------------------------------------------------// fastLength = 23 // Fast moving average length (MACD) slowLength = 50 // Slow moving average length (MACD) KPeriod = 10    // %K period for stochastic DPeriod = 3     // %D period for stochastic smoothing overBought = 75 // Overbought level overSold = 25   // Oversold level averageType = 1 // Type of moving average used in calculations //---------------------------------------------------------// // MACD Calculation //---------------------------------------------------------// mymacd= average[fastLength,averageType](close)-average[slowLength,averageType](close) // First Stochastic Stage on MACD LowestMACD = LOWEST[ KPeriod ](mymacd) HighestMACD = HIGHEST[ KPeriod ](mymacd) IF HighestMACD - LowestMACD <> 0 THEN FastK1 = ((mymacd - LowestMACD) / (HighestMACD - LowestMACD)) * 100 ELSE FastK1 = 0 ENDIF FastD1 = AVERAGE[DPeriod,averageType](FastK1) // Smoothed FastK1   // Second Stochastic Stage on FastD1 LowestFastD1 = LOWEST[KPeriod](FastD1) HighestFastD1 = HIGHEST[KPeriod](FastD1) IF HighestFastD1 - LowestFastD1 <> 0 THEN FastK2 = ((FastD1 - LowestFastD1) / (HighestFastD1 - LowestFastD1)) * 100 ELSE FastK2 = 0 ENDIF   // Final STC Calculation STC = AVERAGE[DPeriod,averageType](FastK2)   //---------------------------------------------------------// // Plot //---------------------------------------------------------// // Detection of Crossovers from the Oversold Zone STCCrossAboveOversold = STC crosses over Oversold if STCCrossAboveOversold then drawarrowup(barindex,low)coloured("green") //drawpoint(barindex,STC,5)coloured("green",40) //drawpoint(barindex,STC,2)coloured("green",200) endif // Color Assignment IF STC > OverBought THEN r = 255 g = 0 b = 0 // Red for overbought ELSIF STC < OverSold THEN r = 0 g = 255 b = 0 // Green for oversold ELSE r = 128 g = 128 b = 128 // Grey for neutral zone ENDIF //---------------------------------------------------------// // Return Oscillator below price //---------------------------------------------------------// RETURN //STC AS "STC Oscilador" COLOURED(r,g,b) STYLE(LINE,2), OverBought AS "Sobrecompra" COLOURED("red") STYLE(dottedline), OverSold AS "Sobreventa" COLOURED("green") STYLE(dottedline)

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  gp38super

  

  Iván

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  02/21/2025 at 1:58 PM #244150
  gp38super

  Thanks, Ivan. I got so excited to dig into them, I forgot to say thanks. Much appreciated!

  

  gp38super

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  02/22/2025 at 8:56 AM #244186
  Msport71

  Hi Ivan,

  quite interesting. It would be possible to have on screen also the opposite situation:

  – drawpoint function when oscillator cross below overbought

  – red arrow on price in the price indicator

   

  Thanks a lot

  

  Msport71

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  02/24/2025 at 9:25 AM #244262
  Iván

  Hi. You just need to add the crossover condition to the downside of the OB level. Add this code:

  STCCrossUnderOverbought = STC crosses under overBought if STCCrossUnderOverbought then drawarrowdown(barindex,high)coloured("red") endif

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  STCCrossUnderOverbought = STC crosses under overBought if STCCrossUnderOverbought then drawarrowdown(barindex,high)coloured("red") endif

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  Msport71

  

  Iván

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