OPEN-SOURCE SCRIPT
Dynamic Stochastic
This indicator brings the stochastic calculation on a separeted chart to the price chart. A new way to see the stochastic position, with the line levels moving in relation to the price. There is a second stochastic as well giving to the trader a more complete analisys to evaluate the oportunities to trade.
You can set the two periods of the first and second stochastic.
You can set the levels od superior, midle and inferior levels.
You can set the width or number of bars to show (NB1 and NB2).
As default P1 = 50, P2 = 200, Superior level = 80(%), Mid level = 50 (%), Inferior level = 20(%).
Number of Bars 1 NB1 = 10
Number of Bars 2 NB2 = 20
You can set the two periods of the first and second stochastic.
You can set the levels od superior, midle and inferior levels.
You can set the width or number of bars to show (NB1 and NB2).
As default P1 = 50, P2 = 200, Superior level = 80(%), Mid level = 50 (%), Inferior level = 20(%).
Number of Bars 1 NB1 = 10
Number of Bars 2 NB2 = 20
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.