Multi-Indicator Signals with Selectable Options
Feb 16, 2025
The Multi-Indicator Signals with Selectable Options indicator provides a versatile trading solution by combining RSI, CCI, and Stochastic Oscillator signals into a single, customizable interface.
Usage
The script is designed to offer flexible signal generation based on user-selected combinations of popular technical oscillators. Users can choose between five distinct signal modes:
- RSI & CCI: Signals appear when both the RSI and CCI cross their respective oversold or overbought levels.
- RSI & Stochastic: Signals trigger when RSI and the Stochastic Oscillator align.
- CCI & Stochastic: Combines CCI momentum with Stochastic overbought/oversold conditions.
- RSI & CCI & Stochastic: A high-confluence mode requiring all three indicators to agree.
- All Signals: Displays individual signals from all combinations independently.
Signals are visualized on the chart with arrows, labels, and vertical lines. Buy signals are generated when indicators cross above oversold levels, while sell signals occur when they cross below overbought levels. The inclusion of ATR-based offsets ensures that labels and lines do not obstruct price action.
Details
The indicator calculates three primary technical components:
- Relative Strength Index (RSI): Measures the speed and change of price movements.
- Commodity Channel Index (CCI): Identifies new trends or warns of extreme conditions.
- Stochastic Oscillator: Compares a specific closing price of a security to a range of its prices over a certain period.
The script implements a dynamic line management system that stores the most recent 50 vertical lines in an array, automatically deleting older ones to maintain chart performance and visual clarity. It also includes rigorous input validation to ensure that oversold parameters remain logically below overbought parameters.
Settings
Indicator Parameters
- RSI Length: Determines the lookback period for the RSI calculation.
- CCI Length: Determines the lookback period for the CCI calculation.
- Stochastic %K Length: Sets the period for the raw Stochastic calculation.
- Stochastic %D Smoothing: Sets the smoothing period for the Stochastic D line.
Level Configuration
- RSI Levels: Customizable oversold (default 30) and overbought (default 70) thresholds.
- CCI Levels: Customizable oversold (default -100) and overbought (default 100) thresholds.
- Stochastic Levels: Customizable oversold (default 20) and overbought (default 80) thresholds.
Signal Options
- Signal Type: A dropdown menu to select the specific combination of indicators used for generating chart alerts and visuals.
FAQ
How do I access Multi-Indicator Signals with Selectable Options?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Can I use these signals for automated alerts?
Yes, the script includes optimized alert conditions that trigger on every Buy or Sell signal generated by your selected configuration.
Why did the vertical lines disappear from older bars?
The script is optimized for performance and uses a buffer that stores the 50 most recent signal lines to prevent chart clutter and lag.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.