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Not sure if there is allready this kind
This is basicaly a Smoothed Stochastic of an RSI
Of Bollinger bands addition to this indicator : I repeatedly fail to see any logic in fixed "overbought" and "oversold" levels, and repeatedly, when ataching a BollingerBands to such indicators, some sence starts to show in the otherwise "irrational" showings.
some of the parameters:
PHP Code:
"RSIPrice"
0 Close price.
1 Open price.
2 High price.
3 Low price.
4 Median price, (high+low)/2.
5 Typical price, (high+low+close)/3.
6 Weighted close price, (high+low+close+close)/4.
"SmoothingMethod"
0 Simple moving average,
1 Exponential moving average,
2 Smoothed moving average,
3 Linear weighted moving average
To understand more about Stoch Threads, plot them on the charts. Special thanks to fxbs for the OnChart_Stochastic_Channel_(FL_MTF) indicator in post #23. You need to download that indicator to be used with the attached template. Stochastic Oscillator
Attached is a documentation on how to trade the Stoch Threads too. It's not my system.
So the goal is to have the Stochastic value stored in the COTIndex[i] array. However, the calculated values are in incorrect. Does anyone have a Stochastic-On-Array (iStochOnArray) implementation? or maybe does anyone see where the logical problem is on my code? I'm stuck and would greatly appreciate any help!
I currently have stochastic on the chart but what I’m needing is this same indicator in a window at the bottom of my chart... I have to many lines crossing over my candles and I’m trying to clean up the chart a little.
Can someone help me with this???
Also I don’t know if it’s at all possible but I would really appreciate it if you could add an arrow alert when the Stochastic changes colors