Indicat

Triple Stochastic

254 0 26
Hi Traders,

This indicator triples the Stochastic in a short momentum line and a middle trend / divergence line.
Overall direction is displayed by the histogram which changes color when momentum is high or low.
The length is based on Fibonacci numbers which are multiplied by 2.618 and give in this sequence a great visual perception of price movement.
Remove from Favorite Scripts Add to Favorite Scripts
study("Triple Stochastic",shorttitle="TS"),a=input(8,minval=2,title="Short Length")
b=input(21,minval=2,title="Medium Length"),c=input(55,minval=2,title="Long Length")
d=highest(a),e=lowest(a),f=highest(b),g=lowest(b),h=highest(c),i=lowest(c),j=hl2+(close-open)
k=0.5-(j-e)/(d-e),l=0.5-(j-g)/(f-g),m=0.5-(j-i)/(h-i),n=linreg(-k,a,0),o=linreg(-l,b,0),p=linreg(-m,c,0)
plot(p,color=change(linreg(n,(b-a),0))<=n?gray:blue,transp=90,linewidth=3,style=area,title="Long")
plot(o,color=red,transp=60,linewidth=2,title="Medium"),plot(n,color=blue,transp=40,title="Short")
hline(0.5),hline(-0.5),hline(0,color=silver,linestyle=dotted)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out