OPEN-SOURCE SCRIPT
Rainbow Stochastic
Rainbow Stochastic is a unique indicator which shows the overbought and oversold levels. Green line is fast Stochastic where as the blue line is a slow Stochastic.
Over bought is generally +50 and Over sold is generally -50. To edit the lookback change the Lookback of Fast and Slow. 20 is ideal for Fast and 40 ideal for Slow.
Over bought is generally +50 and Over sold is generally -50. To edit the lookback change the Lookback of Fast and Slow. 20 is ideal for Fast and 40 ideal for Slow.
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