I have to admit that the Stochastic Indicator is one of my favorite tools, but the default version is lacking some functionalities which I always wished they were there...
Therefore I decided to create an enhanced version of the Stochastic which now exactly fulfills my needs. I wanted to share it with the community in case someone else finds it useful.
So what is included?
- Full Stochastic (by default the settings are Length = 14 / K-Smooth = 6 / D-Smooth = 3, but you can change them to your liking)
- Oversold/Overbought limits can be customized - by default they are set to 20/80
- Red/Green line at the bottom indicates if K above D (green) or K below D (red) --> Indicates the general trend
- Background coloring for Stochastic crosses that happen in Oversold/Overbought area (buy/sell can be considered here)
- Stochastic RSI can be shown (= Stochastic indicator used on RSI value)
- Divergences on Stochastic can be displayed (Regular Bullish/Bearish & Hidden Bullish/Bearish)
- Optional: Show Highest/Lowest RSI since last Stochastic Cross
- Optional: Show label which indicates Target Price and Price distance to next K/D cross
Constructive Feedback is always welcome.
Enjoy.
Therefore I decided to create an enhanced version of the Stochastic which now exactly fulfills my needs. I wanted to share it with the community in case someone else finds it useful.
So what is included?
- Full Stochastic (by default the settings are Length = 14 / K-Smooth = 6 / D-Smooth = 3, but you can change them to your liking)
- Oversold/Overbought limits can be customized - by default they are set to 20/80
- Red/Green line at the bottom indicates if K above D (green) or K below D (red) --> Indicates the general trend
- Background coloring for Stochastic crosses that happen in Oversold/Overbought area (buy/sell can be considered here)
- Stochastic RSI can be shown (= Stochastic indicator used on RSI value)
- Divergences on Stochastic can be displayed (Regular Bullish/Bearish & Hidden Bullish/Bearish)
- Optional: Show Highest/Lowest RSI since last Stochastic Cross
- Optional: Show label which indicates Target Price and Price distance to next K/D cross
Constructive Feedback is always welcome.
Enjoy.
Versionsinformation:
No more available
Versionsinformation:
Re-publishing of indicator:
- Full Stochastic
- Background coloring for Stochastic crosses in Oversold/Overbought area
- Histogram for K/D difference
- Divergences on Stochastic (based on Wicks or Body)
- Price distance to next crosses (OB / OS / KD cross)
- Full Stochastic
- Background coloring for Stochastic crosses in Oversold/Overbought area
- Histogram for K/D difference
- Divergences on Stochastic (based on Wicks or Body)
- Price distance to next crosses (OB / OS / KD cross)
Versionsinformation:
- Changed the K/D-cross Wave to a histogram with MACD-like colors
- Added K/D cross forcast label for next period
- Added K/D cross forcast label for next period