MTF Stochastic with automatic divergence
This is a stochastic indicator that show the stochastic in your current timeframe and also the stochastic from the timeframe above (if current is 15 mins - the above is 1 hour etc). When the 2 stochastics align the background colour highlights to emphasise that. The idea being that you have your current stochastic pushing down improving your change of a successful entry and the stochastic from above pushing down showing there is momentum in that direction.
In addition, the indicator will show when positive and negative divergence occurs on the current timeframe. Divergence can be a little subjective but it seems to find the important ones.
Finally, it highlights when the current stochastic crosses. I was finding once you squash it down it gets difficult to see so I made that easier.
For me I don't tend to use the divergence feature (which is ironic as i found it very hard to code) but being able to see what is happening on the timeframe above is a very effective filter saving me from bad trades.
The script is a little scruffy in places but neat enough to adapt to other indicators. Somewhere I have the same principle for MACD - one of these days I'll find it and make it available.
Hope thats useful to people and good luck.
In addition, the indicator will show when positive and negative divergence occurs on the current timeframe. Divergence can be a little subjective but it seems to find the important ones.
Finally, it highlights when the current stochastic crosses. I was finding once you squash it down it gets difficult to see so I made that easier.
For me I don't tend to use the divergence feature (which is ironic as i found it very hard to code) but being able to see what is happening on the timeframe above is a very effective filter saving me from bad trades.
The script is a little scruffy in places but neat enough to adapt to other indicators. Somewhere I have the same principle for MACD - one of these days I'll find it and make it available.
Hope thats useful to people and good luck.
릴리즈 노트:
fixed background highlight for non white screens
릴리즈 노트:
stronger signal filter
option to make upper stochastic grey
option to make upper stochastic grey
릴리즈 노트:
bug fix
릴리즈 노트:
bug
릴리즈 노트:
.
릴리즈 노트:
the script stopped working - must be a pine update
I fixed it and modified the input but I've dropped the divergence - its too complicated to fix. Its the previous revision if someone wants to rescue it...
I fixed it and modified the input but I've dropped the divergence - its too complicated to fix. Its the previous revision if someone wants to rescue it...
릴리즈 노트:
j
릴리즈 노트:
d
릴리즈 노트:
d
릴리즈 노트:
choose any currency and can see 3 timeframes up
릴리즈 노트:
I FORGOT TO ADD REVERSE JPY OPTIONS
릴리즈 노트:
THIS TIME I GOT IT
릴리즈 노트:
READDED JPY
릴리즈 노트:
.
릴리즈 노트:
Various updates. The auto divergence is long gone.
릴리즈 노트:
gygtuyg
릴리즈 노트:
vhgvhgv
릴리즈 노트:
improved bgfill