Combines SuperTrend with Stochastic Oscilator to provide entry and exit signals.
Offers 3 types of entry signals with an option to color ideal entry bars.
- Entry after SuperTrend flip confirmation.
- Entry at over bought/oversold levels respective to the trend.
- Entry at the 50% stochastic level following trend direction.
Offers two types of exit signals.
It is used to detect volume resistors in a personalized way, since it allows the user to enter the volume in which he wishes the resistance to jump automatically.
It does not mark the black line and the graphic that's just to help understand how it works
in the above image can see the indicator works on 30 minutes chart...