DiNapoli Preferred StochasticDiNapoli Preferred Stochastic is a custom indicator used in the context of identifying the position of weak hands.
This version of the indicator includes the following features :
Show/Hide the Oscillation Lines
Highlight OB/OS Condition
Highlight Cross with Signal Line
Show Divergences (experimental)
For convenience it also includes Custom Alerts . Now it is possible to get alerts on:
Alert on Stochastic Cycle
Bullish Stochastic Signal
Bearish Stochastic Signal
Possible Regular Divergence
Possible Regular Bullish Divergence
Possible Regular Bearish Divergence
This indicator is meant to be used by professional traders.
If you would like to subscribe, please send me a private message.
Oscillatore stocastico
Ultimate Strength Index (USI),Stoch Multi Time Frame(MTF)[cI8DH]Ultimate Strength Index ( USI ) adds stochastic, multi time frame, signal line, histogram, and bar coloring options to RSI and Absolute Strength Index ( ASI ) . It can also turn into an indicator similar to Awesome Oscillator/MACD line. This indicator can be used for analyzing momentum and trendiness/choppiness, as well as identifying swings (stoch). The fix applied in True RSI is also applied here. Chart below shows example multi-TF setup with bar coloring.
For analyzing volume, I made a similar indicator based on money flow and accumulation/distribution, which you can find in the link below.
Aggregation Method
aggregation method = MA Percent => True RSI: momentum and divergence, failure swings
aggregation method = MA => Absolute Strength Index: accurate momentum and divergence
aggregation method = Cumulative => Awesome Oscillator alternative : momentum and divergence, twin peaks, ... (set the smoothing to 5 and signal length to 29ish)
Smoothing, signal line and histogram to detect trend and choppiness
You can apply additional smoothing to USI . Also, you can add a signal line and histogram (histogram is the difference between main line and signal line). To do so, set the signal length to a number greater than one. Signal line can help you detect changes in trend similar to the signal line on MACD. If signal line criss-crosses USI , it shows market is choppy. The worst case is when this criss-crossing coincides with USI flattening near neutral line and histogram height is relatively short; that means market is ded (until it is not; expansion following a contraction period is a common phenomena)! (Bear in mind that histogram will be hidden in stoch mode, and main and signal lines will be hidden in cumulative mode)
Stochastic
To enable stoch, change the stoch length to a number greater than 1 (default stoch length for the built-in RSI stoch is 14). This length should be calibrated depending on TF and asset. If done correctly, it can be a powerful tool for identifying swings. Stoch can be combined with any aggregation method. I recommend using stoch with MA aggregation (i.e. ASI ). For conventional uses of stochastic, please read www.tradingview.com(STOCH) and www.tradingview.com(STOCH_RSI).
Experimental Bar coloring Feature
There is an option to color bars depending on USI's position relative to the signal line. If both TFs are used in coloring and they are in disagreement, the TF with greater histogram height wins. There are two shades of green and red. The darker shade means both TFs agree. If you use the signal line, bar coloring can help with calibrating the indicator (play with parameters until you see a good looking chart i.e. a lot of green candles followed by a lot of red candles in a row). Please note that bar colors might change until candle(s) close(s). The bar coloring rules will most likely change in the future.
Notes
- Smooth MA length N = EMA length 2*N-1
- With correct settings, you can also create an alternative to normalized MACD line in the cumulative mode.
True RSI
Absolute Strength Index
Please give a like, and share the interesting configurations you find in the comments.
My Script with stoch and bb
I created a script to buy / sell when stoch oversold, overbought and BB when the price is above the upper BB and falls below it.
I want to combine with rsi but I do not know how to do it
and I want to put SL to avoid the trap of market.
Do you have any way to help me optimize the scirpt?
Stochastic VolumeA conceptual idea to include volume in a regular Stochastics.
VWMAs instead of SMAs and h/l/c given more weight when volume spikes. In the future I am interested in giving volume a bigger role in final calculation in other ways.
This does not perform well when not curve fitted.
Stochastic MomentumStochastic Momentum adds shorter and longer term Stochastic movements on the same chart to indicate relative momentum for short and slightly longer term outlooks.
Can be used like a regular Stochastic indicator for overbought / oversold levels, divergence and additionally also the crossing of the shorter (blue) and longer (orange) levels.
It is a leading indicator and often signals early moves of momentum, which may or may not translate into the same price movements.
Slow Stochastic-newnothing fancy here, just some modification to the old stoch to make it more realistic
Stochastic CG Oscillator (Center of Gravity)Stochastic CG Oscillator (Center of Gravity) script.
This indicator was originally developed by John F. Ehlers (see his book `Cybernetic Analysis for Stocks and Futures`, Chapter 8: `Stochasticization and Fisherization of Indicators`).
Stochastics && Money FlowSimple and conceivable implementation of Stochastics and Money Flow in one Indicator chart.
Buying and selling points are visualised by dots.
Ehlers StochasticEhlers Stochastic script.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 32:1: Predictive And Successful Indicators).
Ehlers Fisher Stochastic Relative Vigor Index StrategyBy John Ehlers from his book "Cybernetic Analysis for Stocks and Futures".
Ehlers Stochastic Cyber Cycle StrategyBy John Ehlers from his book "Cybernetic Analysis for Stocks and Futures".
Ledgercharts scalp indicatorI'm using this indicator for finding scalp opportunities with high volume crypto coins. To be used in combination with support & resistance levels and/or other indicators.
Works best on a 15-minute timeframe.
DISCLAIMER:
This script is not intended as financial advice and is for educational purposes only. Do your own research by verifying the accuracy of the information and know that your decisions are your own.
Historical Stochatic (HS) [cI8DH]This indicator calculates historical stochastic (HS). It also includes the standard stoch. HS works similar to the standard stochastic . The difference is that the standard stochastic has a set look-back period, while HS looks as far back as the first bar. This allows identifying ATHs and ATLs (background highlights green and red respectively). Basically, HS shows inverse retracement from ATL to ATH in percentage.
This indicator works best on non-range bound indicators such as MACD. As you can see in the chart below, MACD is not useful to compare against periods that price is wildly different. Applying HS on MACD fixes this issue (To achieve the same results, add MACD indicator > change the source to MACD on HS settings > since MACD is a smoothed indicator, smoothing length is set to 1. To get similar smoothing length on the signal as in standard MACD, set %D to 5 smoothed MA which is equivalent to 9 EMA smoothing on standard MACD).
Gain/Loss Moving Average (GLMA) is another indicator that can benefit well from HS. GLMA is the simplest and probably the most accurate momentum indicator. But it is not as convenient as RSI since it is not range bound. HS can make it range bound without compromising its accuracy. (To achieve the same results, add GLMA indicator > change the source to GLMA on HS settings > set %K length to 1).
Chart below shows HS applied to Accumulation/Distribution Money Flow (ADMF) and compares it against its range bound counter part, ADP.
Conclusion:
There are different ways of making an indicator normalized or range bound. Some indicators use RSI's approach (positive changes MA / all changes MA) such as MFI, CMF, ADP. This approach is great but the divergence near extremes can sometimes be misleading. HS fixes this problem as long as the indicator is not making a new ATH or ATL . When it does make new ATH or ATL , this indicator gives a warning to avoid using it for detecting divergence.
PS:
It is a bit geeky to apply HS on other indicators. I will publish some of my indicators with HS and standard stoch built-in. So stay tuned if u r interested in this indicator.
Read more here about using stochastic
www.tradingview.com(STOCH)
Stochastic Rainbow [SHK]Stochastic Rainbow consists of 8 stochastic oscillators with different speeds. So It has lower noises and better visualization comparing to simple stochastic.
I welcome comments, suggestions.
3x Stoch on Given Time-frame v0.13x stochastic oscillators (K only), set the timeframe you want the stoch to be based off.
Smooth and length is hard-coded to give easy view of the time-frame set in the indicator arguments shown on-chart. Edit these in the Pine Editor as needed.
smooth = 6
length1 = 5
length2 = 8
length3 = 14