Quantitative Stock Confluence Finder

Overview

The Quantitative Stock Confluence Finder is a Pine Script designed to assist traders in identifying potential confluence areas within a stock's price chart. By combining various technical indicators and visualizations, this script highlights key levels and conditions that may influence trading decisions.

Author

• Author: Douglas_Volcato

Usage

1. Intraday Analysis: Set whether to use the day opening price as the source or provide a specific source price using the intraday_analysis and source_price_input parameters.

2. Simple Moving Average (SMA): Adjust the SMA parameters to fit your analysis. Parameters include length, distance from the source price, line width, and line color.

3. Distance from Source Price Bands: Define the distance from the source price bands, along with width, line color, line width, and background colors for bands above and below the source price.

4. Slow Stochastic Parameters: Configure parameters for the slow stochastic indicator, such as length, signal levels above and below, as well as arrow colors for upper and lower signals.

5. Percentage Distance Zones: Customize the percentage distance zones, specifying line width, line color for both above and below the source price.

6. Daily Open, High, Low: The script automatically retrieves daily open, high, and low prices to establish the source price.

Installation

To use this script on TradingView:

1. Copy the entire script.
2. Open TradingView and create a new Pine Editor script.
3. Paste the copied script into the Pine Editor.
4. Save and apply the script to your desired chart.

Disclaimer

This script is subject to the terms of the Mozilla Public License 2.0, available at https://mozilla.org/MPL/2.0/.