OPEN-SOURCE SCRIPT
@theCF Stochastic
Stochastic with Bullish , Bearish and Neutral Ranges as well as a modification to check the %D line with a Exponential Moving Average .
Since Exponential Moving Averages put more weight onto recent values, they react differently than the Standard Simple Moving Average .
On Stochastic I have observed, that there can often occur false crossover signals. While this also happens with an Exponential Moving Average as %D indeed, the amount is more limited, therefore giving less false signals.
I prefer to display both at the same time, for more information.
The ranges act as general support and resistance zones on Stochastic . Whenever Stochastic oscillates within one of the ranges, one can interpret it as either bullish , neutral or bearish for price.
A Stochastic that oscillates mainly within the bullish range can be interpreted rather bullish , the opposite goes for the bearish range which is interpreted bearish .
I have coded these ranges into the Standard Stochastic Script, as well as the option to display the %D line as a Exponential Moving Average .
For more information about the indicator, feel free to leave a comment and ask.
Since Exponential Moving Averages put more weight onto recent values, they react differently than the Standard Simple Moving Average .
On Stochastic I have observed, that there can often occur false crossover signals. While this also happens with an Exponential Moving Average as %D indeed, the amount is more limited, therefore giving less false signals.
I prefer to display both at the same time, for more information.
The ranges act as general support and resistance zones on Stochastic . Whenever Stochastic oscillates within one of the ranges, one can interpret it as either bullish , neutral or bearish for price.
A Stochastic that oscillates mainly within the bullish range can be interpreted rather bullish , the opposite goes for the bearish range which is interpreted bearish .
I have coded these ranges into the Standard Stochastic Script, as well as the option to display the %D line as a Exponential Moving Average .
For more information about the indicator, feel free to leave a comment and ask.
Script de código abierto
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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.