Stochastic Multi Timeframe — Indicator by claudino80

This indicator inserts in the same frame the data coming from the Stochastic Slow of Two different timeframes.

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

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact claudino80 for more information, or follow the author's instructions below.

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