Shepherd
That is exactly what this indicator is designed to do for you. It provides a direction on the assets momentum in a very easy to visualize format.
How it works?
This indicator plots; 3 moving lines (Aqua = trend line, Pink = fast line, White = slow line)
6 non-moving parts, (Upper red zone = Overbought zone, Lower green zone = Oversold zone, symbol ‘T’ and ‘L’ = Top and Low, symbol ‘B’ = Bearish and Bullish divergence, Fibonacci support lines (Gray lines), Green and Red crosses indicating STOCH cross up and down respectively (user can change these settings as per their own strategy)).
The divergence on Aqua line is very significant and almost always gives major moves. On the daily time frame Shepherd had 2 major divergences, first one was the bearish divergence at the top and second one was the bullish divergence at the bottom calling the Top and Bottom in BTC.
The level labels are visible if you turn on the 'Indicator name label' tab from your chart settings.
Green = Stoch Up cross confirmed,
Red = Stoch Down cross confirmed.
Stochastic settings (K, D, and Smooth) can be changed from the Indicator setting part.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ammypatt1987 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ammypatt1987 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.