DMI Stochastic Extereme - Version 2

SPDR Select Sector Fund - Energy Select SectorArca

描述

⋅ Dec 18, 2014 7:39 AM

Version 2 Includes
Custom setting for the Oversold and Overbought Levels
Replaced B and S with arrows
Cleaned up the code and finalized the indicator.

*Unless there is a real need, this indicator will not be revised further.

Stochastics Stochastic Oscillator

TASAVANT

⋅ Dec 19, 2014 4:09 PM

Using 2 time frames on this one seems to work well....so only play the direction of the higher time frame

UDAY_C_Santhakumar

⋅ Dec 20, 2014 2:37 AM

Nature of All Stochastic Indicator - Long time frame - trend (play the short term dips)

UDAY_C_Santhakumar

⋅ Dec 20, 2014 5:34 PM

Theory is find stocks in extreme oversold while the long term is Bullish and vice versa. I would ignore the first buy trigger. And would like ignore the last buy trigger, which can be predicted to an extent, but not 100%. Keep your risk intact and play it with caution.

Simple strategy ideal for any beginner, who is willing to play oversold / overbought. In my books, a single timeframe oversold / overbought does not make sense, unless such happens against the trend.

YaminAlharbi

⋅ Apr 4, 2018 1:10 AM

HI could you plz make it color the bar instead of arrow up and down ?or keep them both plz

mahshafa

⋅ Jun 26, 2023 1:13 PM

hi , is there any way to convert the script to v4 or v5?

fabfoot

⋅ Jul 10, 2015 6:06 PM

Could you change the script to have the red and green arrows present themselves 1 candle before it does? I am not a script writer so I'm just thinking.

ChrisMoody

⋅ Dec 18, 2014 8:18 PM

Nice implementation of the plotchar ... plot type....

UDAY_C_Santhakumar

⋅ Dec 18, 2014 8:59 PM

Thanks, always great to see a pro coder comments...