OPEN-SOURCE SCRIPT
Aggiornato Double Stochastic Divergence

Same as my protected script but you can now see the code
This Study plots divergences and overlays a second %K as a fractal and changes the color of %D for the non fractal
Option to use Stochastic RSI for Fractal
Background Shading according to trend
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
This Study plots divergences and overlays a second %K as a fractal and changes the color of %D for the non fractal
Option to use Stochastic RSI for Fractal
Background Shading according to trend
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
Note di rilascio
Added Background Highlights for Over Bought and Over Sold Regions Note di rilascio
...Note di rilascio
Added ADX 2 Resting Bar Buy / Sell Entry SignalNote di rilascio
Background Color now according to MA CrossoverAdjusted Colors
Note di rilascio
Much anticipated updateMore options for Background Color Change, besides MA crossover color change options now include;
MACD Direction
&
Dad Direction (Top Dog Trading)
Also Added Alerts for;
Background color change
&
Divergences
Note di rilascio
Added Trend Barmeter so now you can add confluence to your entries 3 Trend Barmeter lines, choose from MA Cross, MACD Cross, Dad Direction (Top Dog Trading) or Trend Candles
Note di rilascio
Small adjustmentNote di rilascio
Adjusted Background Shading IntensityNote di rilascio
Changed Values for Main Stochastic to;K = 5
D = 3
Smoothing = 2
Added an extra Trend Bar. This 1 only shows MA Cross or where the Minor Base Line is in relation to the Major Base Line
Added Highlights to the Trend Bar to show possible Momentum Setups - Please use this with caution and in relation to Price action and S/R
Note di rilascio
Removed ADX 2 Possible Entry Signal and RSI PlotAdded Momentum Setups to Trend Meter - Very Powerful Entries but Use With Caution
Look for Support or Resistance Levels for price to be attracted to
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When looking to break out from Trendline or S/R Level - Look for confluence by ensuring all 3 trend Meters are Highlighted the Same Color
Note di rilascio
Adjusted;Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
Note di rilascio
Fixed fault with background highlight of trend meterNote di rilascio
Added ability;-to Change the Color of the Main Stochastic
to Turn the Fractal / Secondary Stochastic off from the menus
Note di rilascio
Updated Alerts so now you can see them properly when entering Note di rilascio
Fixed issue with AlertsNote di rilascio
Divergences Offset to Realistic Entry PointNote di rilascio
Trend Meter Background Highlight when all 3 conditions are metAdjusted Alerts
Note di rilascio
Fixed Fault with background highlightsNote di rilascio
Updated Background Highlight and adjusted some menu's Added Highlights for;
RSI Signal Line Cross (RSI = 13, Linear Regression Signal Line = 21) - Extremely powerful signal
MOM DAD Cross (Topdog Trading)
Note di rilascio
Fixed a fault with the background colors that was introduced by TradingviewAdjusted colors and thickness of stochastic lines to make them more visually appealing
Note di rilascio
Removed The Trend Meters along with a Lot of Clutter (If you still need a Trend Meter please add it from my other Scripts on my Page)Added On Balance Volume as an input source option for both Stochastics
Changed the look of the Stochastics for better visual appeal
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.