Custom Indicator--Interesting Thought Process!
I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
Coming Soon: www.ChrisMoodyTrading.com
//Created by ChrisMoody on 5/5/2014 by request from Drat //Reference Article with Specifics and Trade Patterns. http://www.forexfactory.com/showthread.php?t=37111 study(title="CM_Stochastic_Threads", shorttitle="CM_Stoch_Threads") //length = input(14, minval=1) smoothK = input(3, minval=1, title="SmoothK - Keep at Setting 3") smoothD = input(3, minval=1, title="SmoothD - Keep at Setting 3") //k = sma(stoch(close, high, low, length), smoothK) //d = sma(k, smoothD) k6 = sma(stoch(close, high, low, 6), smoothK) k7 = sma(stoch(close, high, low, 7), smoothK) k8 = sma(stoch(close, high, low, 8), smoothK) k9 = sma(stoch(close, high, low, 9), smoothK) k10 = sma(stoch(close, high, low, 10), smoothK) k11 = sma(stoch(close, high, low, 11), smoothK) k12 = sma(stoch(close, high, low, 12), smoothK) k13 = sma(stoch(close, high, low, 13), smoothK) k14 = sma(stoch(close, high, low, 14), smoothK) k15 = sma(stoch(close, high, low, 15), smoothK) k16 = sma(stoch(close, high, low, 16), smoothK) k17 = sma(stoch(close, high, low, 17), smoothK) k18 = sma(stoch(close, high, low, 18), smoothK) k19 = sma(stoch(close, high, low, 19), smoothK) k20 = sma(stoch(close, high, low, 20), smoothK) k21 = sma(stoch(close, high, low, 21), smoothK) k22 = sma(stoch(close, high, low, 22), smoothK) k23 = sma(stoch(close, high, low, 23), smoothK) k24 = sma(stoch(close, high, low, 24), smoothK) plot(k6, title="%K 6 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k7, title="%K 7 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k8, title="%K 8 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k9, title="%K 9 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k10, title="%K 10 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k11, title="%K 11 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k12, title="%K 12 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k13, title="%K 13 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua) plot(k14, title="***%K 14 Base Stoch***(Keep Thick Line)", style=line, linewidth=4, color=red) plot(k15, title="%K 15 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k16, title="%K 16 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k17, title="%K 17 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k18, title="%K 18 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k19, title="%K 19 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k20, title="%K 20 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k21, title="%K 21 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k22, title="%K 22 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k23, title="%K 23 Higher Time Frame Stoch", style=line, linewidth=1, color=red) plot(k24, title="%K 24 Higher Time Frame Stoch", style=line, linewidth=1, color=red) //plot(d, color=orange) h0 = hline(80) h1 = hline(20) fill(h0, h1, color=silver, transp=75)