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Double Stochastic

Double Stochastic is use 2 Stochastic for monitoring price swing.
Slow Stochastic (21,3,3) for monitoring the swing of price cycle.
Fast Stochastic (5,1,1) for monitoring the swing in price ripple.
When 2 Stochastic run way from each other, separately , mean Price will move only retrace or rebound in ripple movement.
When 2 Stochastic Flip and Run break thru from overbought or oversold zone , mean Price will move to change in major direction
Useful for decision to hold position or take action
Such as Price move up and start decline, Slow Stochastic run above 80 and only Fast Stochastic swing down, mean Price just move retrace down. Price still has chance to flip and move up again. This will help we hold the Long Position or know where to open more Long position on price dip.
Or Price break down to support line and start rebound , Slow Stochastic run below 20 and only Fast Stochastic Swing Up , mean Price just move rebound to go down again. This will help we can hold Short Position or know where to open more Short position.
Wave Riders ...
Slow Stochastic (21,3,3) for monitoring the swing of price cycle.
Fast Stochastic (5,1,1) for monitoring the swing in price ripple.
When 2 Stochastic run way from each other, separately , mean Price will move only retrace or rebound in ripple movement.
When 2 Stochastic Flip and Run break thru from overbought or oversold zone , mean Price will move to change in major direction
Useful for decision to hold position or take action
Such as Price move up and start decline, Slow Stochastic run above 80 and only Fast Stochastic swing down, mean Price just move retrace down. Price still has chance to flip and move up again. This will help we hold the Long Position or know where to open more Long position on price dip.
Or Price break down to support line and start rebound , Slow Stochastic run below 20 and only Fast Stochastic Swing Up , mean Price just move rebound to go down again. This will help we can hold Short Position or know where to open more Short position.
Wave Riders ...
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Pragasit Thitaram, CEWA
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这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
Pragasit Thitaram, CEWA
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。