OPEN-SOURCE SCRIPT

Quad Stochastic Div (Latching Quad)

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This script combines 4 stochastic lines, plotting only the %D lines.
(9,3)(14,3)(40,4)(60,10)
When all 4 are oversold or overbought, a buy or sell background is painted. When the slowest moving stochastic finally rotates back towards the center, the background will unlatch. This script also marks most divergences made between the chart and the 2 faster moving stochastic lines. White markers for the 9,3 and orange markers for the 14,4. Tradable signals are both orange and white divergence occurring on the same pivot, or either divergence leading out of a rotation. Generally more useful for scalping 1-5m charts.

I also built out some strength ratings to attempt to classify the divergences against one another, but this didn't seem to have much value in practice so by default the tags are turned off.

This indicator is helpful for anyone interested in daytradingrockstar on youtube's quad stochastic strategy.

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