OPEN-SOURCE SCRIPT
Actualizado MTF Stochastic with automatic divergence
This is a stochastic indicator that show the stochastic in your current timeframe and also the stochastic from the timeframe above (if current is 15 mins - the above is 1 hour etc). When the 2 stochastics align the background colour highlights to emphasise that. The idea being that you have your current stochastic pushing down improving your change of a successful entry and the stochastic from above pushing down showing there is momentum in that direction.
In addition, the indicator will show when positive and negative divergence occurs on the current timeframe. Divergence can be a little subjective but it seems to find the important ones.
Finally, it highlights when the current stochastic crosses. I was finding once you squash it down it gets difficult to see so I made that easier.
For me I don't tend to use the divergence feature (which is ironic as i found it very hard to code) but being able to see what is happening on the timeframe above is a very effective filter saving me from bad trades.
The script is a little scruffy in places but neat enough to adapt to other indicators. Somewhere I have the same principle for MACD - one of these days I'll find it and make it available.
Hope thats useful to people and good luck.
In addition, the indicator will show when positive and negative divergence occurs on the current timeframe. Divergence can be a little subjective but it seems to find the important ones.
Finally, it highlights when the current stochastic crosses. I was finding once you squash it down it gets difficult to see so I made that easier.
For me I don't tend to use the divergence feature (which is ironic as i found it very hard to code) but being able to see what is happening on the timeframe above is a very effective filter saving me from bad trades.
The script is a little scruffy in places but neat enough to adapt to other indicators. Somewhere I have the same principle for MACD - one of these days I'll find it and make it available.
Hope thats useful to people and good luck.
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fixed background highlight for non white screensNotas de prensa
stronger signal filteroption to make upper stochastic grey
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bug fixNotas de prensa
bugNotas de prensa
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the script stopped working - must be a pine updateI fixed it and modified the input but I've dropped the divergence - its too complicated to fix. Its the previous revision if someone wants to rescue it...
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jNotas de prensa
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choose any currency and can see 3 timeframes upNotas de prensa
I FORGOT TO ADD REVERSE JPY OPTIONSNotas de prensa
THIS TIME I GOT ITNotas de prensa
READDED JPYNotas de prensa
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Various updates. The auto divergence is long gone.Notas de prensa
gygtuygNotas de prensa
vhgvhgvNotas de prensa
improved bgfillScript de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.