OPEN-SOURCE SCRIPT
Double Stochastic Multi-Timeframe
I personalized a double stochastic oscillator.
HOW IS IT USED ?
Everyone should adapt the parameters to its way of trading.
First you must have a confirmation of the trend.
In positive trend, a double stochastic > 20 can be used t enter long.
In negative trend, a double stochastic < 80 can be used t enter long.
Of course this is only one possibility that everyone should adapt.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
HOW IS IT USED ?
Everyone should adapt the parameters to its way of trading.
First you must have a confirmation of the trend.
In positive trend, a double stochastic > 20 can be used t enter long.
In negative trend, a double stochastic < 80 can be used t enter long.
Of course this is only one possibility that everyone should adapt.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
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.