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lockeyj

Stochastic 90 30 30

lockeyj Updated   
Oscillators Stochastic Oscillator
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oscillator stochastic
This is a modified version of the KD indicator, in which %K is sma30 of 90-bar stochastic and %D is sma30 of %K. Instead of using %K as sma3 of 14- or 9-bar stochastic and %D as sma3 of %K, this modification reduces the sensitivity of the indicator, providing a better trading signal for a longer trading timeframe. The indicator also provides an entry signal when %K < 50 and %K crossovers %D.

The indicator provides the best signal when using together with the turbulence indicator.
Release Notes:
Add plot titles.
Release Notes:
(1) Add a signal switch; (2) Redefine reversal signals.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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