OPEN-SOURCE SCRIPT
Triple Stochastic
Triple Stochastic Elasticity Indicator
This custom indicator leverages the power of multi-timeframe analysis by combining three Stochastic Oscillators across different timeframes to identify potential trade entries based on elasticity and divergence between momentum curves.
📊 How It Works:
The indicator plots Stochastic values from three timeframes (e.g., 5m, 15m, and 1h), allowing you to observe how momentum behaves at different scales.
It highlights moments of elasticity—where the Stochastics stretch apart and then begin to converge—potentially signaling a reversion opportunity or trend continuation.
By identifying these stretches and snapbacks in momentum alignment, you can better time your entries and exits with improved confidence.
🔍 Use Case:
Look for divergence or convergence between the Stochastics.
Ideal for trend-following entries, pullback setups, and momentum reversal spotting.
Works best when combined with price action, S/R zones, or volume confirmation.
🛠 Customization:
Timeframes for each Stochastic are fully customizable.
Options to tweak %K, %D, and smoothing values to fit your strategy.
I recommend to remove the D%
And set the following settings
5 : 3 : 3
14 : 3 : 3
56 : 12 :12
Visual alerts can be added for when certain conditions are met (e.g., all three Stochs cross overbought/oversold levels).
This custom indicator leverages the power of multi-timeframe analysis by combining three Stochastic Oscillators across different timeframes to identify potential trade entries based on elasticity and divergence between momentum curves.
📊 How It Works:
The indicator plots Stochastic values from three timeframes (e.g., 5m, 15m, and 1h), allowing you to observe how momentum behaves at different scales.
It highlights moments of elasticity—where the Stochastics stretch apart and then begin to converge—potentially signaling a reversion opportunity or trend continuation.
By identifying these stretches and snapbacks in momentum alignment, you can better time your entries and exits with improved confidence.
🔍 Use Case:
Look for divergence or convergence between the Stochastics.
Ideal for trend-following entries, pullback setups, and momentum reversal spotting.
Works best when combined with price action, S/R zones, or volume confirmation.
🛠 Customization:
Timeframes for each Stochastic are fully customizable.
Options to tweak %K, %D, and smoothing values to fit your strategy.
I recommend to remove the D%
And set the following settings
5 : 3 : 3
14 : 3 : 3
56 : 12 :12
Visual alerts can be added for when certain conditions are met (e.g., all three Stochs cross overbought/oversold levels).
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.