LazyBear

Indicator: Premier Stochastic Oscillator

The PSO , developed by Lee Leibfarth, is a rewired version of a short-period stochastic . This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities.

Rules as suggested by Mr.Lee:

For long trades:
(1) Premier stochastic crosses below 0.90
(2) premier stochastic crosses below 0.20

For short trades:
(1) Premier stochastic crosses above -0.90
(2) premier stochastic crosses above -0.20

More info on the trading zones and other nuances:
http://www.investopedia.com/articles/tra...
Eliminar de Scripts favoritos. Añadir a Scripts favoritos.
//
// @author LazyBear
//
study("Premier Stochastic Oscillator [LazyBear]", shorttitle="PSO_LB")
stochlen = input(8, title="Stoch length")
smoothlen = input(25, title="Smooth length")
sk = stoch( close, high, low, stochlen)
len = round(sqrt( smoothlen ))
nsk = 0.1 * ( sk - 50 )
ss = ema( ema( nsk, len ), len )
expss = exp( ss )
pso = ( expss - 1 )/( expss + 1 )
plot( pso, title="Premier Stoch", color=black, linewidth=2 )
plot( pso, color=iff( pso < 0, red, blue ), style=histogram )
plot(0, color=gray)
plot( 0.2, color=blue, style=3 )
plot( 0.9, color=blue)
plot( -0.2, color=red, style=3)
plot( -0.9, color=red )
i stand corrected...

Outer Threshold Setups
Outer threshold setups form when the PSO crosses out of the outer limits and then returns. As previously mentioned, price has a tendency to pullback and then return to overbought or oversold areas. This can provide a good entry point to:

Go long when the PSO crosses below the upper threshold (0.9 in this example) after it has already crossed above the threshold. A short-term reversal may occur where price returns to the extreme overbought territory.
Go short when the PSO crosses above the lower threshold (-0.9 in this instance) after it has already penetrated the lower threshold. Again, a short-term reversal may occur as prices make another push lower.
Responder
Not to second guess you on this - but the short/long trade parameters seem reversed from looking at the chart. It would seem when over 0.90 to go short, not go long... -0.90 go long, not short.

Please clarify and explain.
+18 Responder
kennairne Exsilium
@Exsilium, Totally agree.
Responder
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Funcionalidades del gráfico Precios Normas Moderadores Soluciones broker y sitio web Widgets Soluciones gráficas Centro de ayuda Solicitud de funcionalidad Blog y Noticias Preguntas frecuentes Wiki Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Monedas TradingView Mis Tickets de Soporte Centro de ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión