Stochastic Moving Average Delta Oscillator (SMADO)
This is an interesting take on the stochastic oscillator. What I have done here is I've taken the cumulative sum of the deltas of all the simple moving averages from 1 to 200 and summed them. Next I transform this into a stochastic oscillator with ta.stoch. The point of this is to show you trends, tops and bottoms. I hope you find this indicator as interesting as I did. Please enjoy!
The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.
The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.