Stochastic Multi Timeframe
By using the “Time Frame 1” and “Time Frame 2” configuration parameters it is possible to specify the two timeframes.
This indicator is very useful to avoid a false signal generated by a single Stochastic indicator that doesn’t consider the information coming from other timeframes.
For example, by configuring the indicator to pick up the Stochastic information from that Daily and the H4 timeframes and by setting the current chart on the 1H timeframe it is possible to improve the entry accuracy.
An example that I am using an it is working well, is to follow the line crossing of the Stochastic configured on the 1H chart only if the Stochastic Multi Timeframe indicator is in synch:
- Long trade will be evaluated only if the Daily and 4H Stochastics have the K > D at the same time
- Short trade will be evaluated only if the Daily and 4H Stochastics have the K < D at the same time
Please contact me to have the full access to this indicator.
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 claudino80 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 claudino80 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.