The Natural Stochastic
Indicator was created by Jim
Sloman and this is another indicator from his Ocean series which I will eventually publish all of them. Big thanks to @altcoinz
for giving me all of the source code in order to publish Jim's life work. This is another momentum indicator
but unlike a traditional stochastic
indicator, this one doesn't use overbought and oversold levels. Instead it becomes a sell signal when the indicator starts getting lower and vice versa. This takes the classic approach to a stochastic
and combines it with the time factor from Jim's Ocean Theory to create this new indicator. I have included strong buy and sell signals as darker colors and normal buy and sell signals as lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!