PT MSTx Stochastic

Version 1.0 of our MSTx Stochastic indicator helps determine when a trend is strong vs. exhausted. The indicator is a modified version of the original stochastic. We added a second line for further confluence, which acts as support & resistance. The added smoothing toggle of the indicator can help you get a different perspective of the move. We also added a series of Fibonacci levels that act as pivotal areas. We have two highlighted areas that offer volatility. Our Red zone (upper fibs) should prompt you to look for short entries & our Grey zone (mid fibs), which acts as a neutral/range area.

Main line – Faster settings that move through support/resistance quicker.
Signal line- Slower settings that tend to act as support/resistance for our main line.

Strategy:
Shorting- Look for the Main line to cross down into the Signal line & then retest the Signal line. Stronger signal if algo is active (Maroon).

Longing – Look for the Main line to cross up into the Signal line & then retest the Signal line. Stronger signal if algo is active (Green).

This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!

Versionsinformation:

V 1.1
- Added alerts for top/bottom exhaustion

Versionsinformation:

V 1.2
-Added alerts for signal line exhaustion

Versionsinformation:

V 1.3
-Fixed alert

Versionsinformation:

V 2.0
-New algo incorporated for HTF confluence
-New band added with specific behavior for HTF analysis (trend band)
-New dot system put in place to give visual on momentum/exhaustion

Versionsinformation:

V 2.1
-Added alerts for signal line exhaustion (black)
-Added bear/bull labels for divs
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Versionsinformation:

V 3.0

-Swing mode feature addon