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 = and blue on top= .
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 - or .
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.
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)