Indicat

Triple Stochastic

466 4 46
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.
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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)
The Original,, yay..

thanks.
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Could it be converted to MT4..can create EA for it!
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THIS IS FANTASTIC! I am using it for binary 5 minute expiries...so far so good! Actually I am making a fortune! Thanks for you beautiful indie!!!
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Indicat PRO roosikas
@roosikas,Thanks for the positive feedback, just puRRRfect.
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