SpreadEagle71

Sniper Stochastics

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Sniper Stochastics is a triple stochastic system.

Basically, watch the 20 and 80 crossovers. However, the settings of the three stochastics correspond to Fibonacci numbers 55, 89, and 144.
Since we have a fast, medium and slow speed stochastics; we can also watch the crossovers.
I have found that When the Red (144) is on top, it usually signals a turn upwards; conversely, a blue (89) on top of the others means that the market is going to go down.
So red on top = bullish and blue on top= bearish .

You can also think of them in terms of efficiency. If they all display the same and are overlapping in a single line; crossing an 80 or 20 line, this is a strong signal - bullish or bearish .
If on the other hand, you see them splayed out and moving away from eachother but the same direction; it signals a more inefficient process and thus a weaker signal.

I really enjoy using these and I hope you will too.

On the settings, I have turned off the %D so that they display only %K's. The Default is 55, 89 ,144.

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study(title="Sniper Stochastics", shorttitle="Snp Stoch")
length1 = input(55, minval=1), smoothK1 = input(1, minval=1), smoothD1 = input(3, minval=1)
length2 = input(89, minval=1), smoothK2 = input(1, minval=1), smoothD2 = input(1, minval=1)
length3 = input(144,minval=1),smoothk3 = input(1,minval=1),smoothD3 = input(1,minval=1)
k1 = sma(stoch(close, high, low, length1), smoothK1)
d1 = sma(k1, smoothD1)
plot(k1, color=black)
k2 = sma(stoch(close, high, low, length2), smoothK2)
d2 = sma(k2, smoothD2)
plot(k2, color=blue)
k3 = sma(stoch(close,high,low,length3),smoothk3)
d3 = sma(k3,smoothD3)
plot(k3,color=red)
h0 = hline(80)
h1 = hline(20)
fill(h0, h1, color = yellow, transp=90)
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