💡 Stochastic oscillator superimposed on the chart!
👉 This is a very convenient visualization for trading in any market and TF!
Stochastic settings are standard.
The exit of the Stochastic lines above the upper border (High band) indicates that the price has entered the overbought zone (here you should look for a sale), the exit below the lower border (Low...
A series of up to 28 stochastics oscillators used to form an average stochastic value, which is then used to colour the candles based on the momentum.
Each candle can be coloured one of ten colours and each one represents a position on the stochastic oscillator.
The indicator helps traders to visualise the momentum and helps trend following.
Plots % Buy / Sell Volume , Chaikin Money Flow , Stochastic Oscillator, and Ultimate Oscillator on same axis, bound -1 to 1.
Show Volume Percentage, displaying buying as green and positive, selling as red and negative.
Showing the CMF, with green / red fill for positive / negative values.
Modified Stochastic Oscillator, converting bounds to -1 and 1, moving...
The idea for this indicator came from looking at the Stochastic RSI. The Stochastic RSI takes the RSI reading then applies the Stochastic formula to it - an indicator on top of an indicator. Using this logic, I decided to try using a Stochastic on the existing Stochastic in order to smooth it out - hence the "Double Stochastic". I have also added the option to add...
What is Stochastic with Lines - Chart and why do you need it?
I use it for chart analysis to identify key K/D levels from which bullish / bearish market structure continues to develop.
Chart means that every K/D cross above/below the signal lines will be notified on your Chart and not on the stocahstic oscillator. To see them on your chart please choose...