SpreadEagle71

Sniper Stochastics 2

Sniper Stochastics 2 is like the other one - a triple stochastics consisting of different lengths, in this case 55,89,144.

One thing I noticed was that the stochastics lines can be a kind of divergence detector with the slow (red), medium (blue) and fast(black) lines making breakaways once they converge.
For example, if the lines are together and the black line starts to diverge upwards, it means that there is a positive divergence which will happen quickly and then end. The blue and the red lines are longer term divergences.

I wanted to share this one and the unique and interesting use of divergences with this indicator.
Remove from Favorite Scripts Add to Favorite Scripts
study(title="Sniper Stochastics 2", shorttitle="Snp Stoch2")
plotchar = location.top
length1 = input(55, minval=1), smoothK1 = input(1, minval=1), smoothD1 = input(3, minval=1)
length2 = input(89, minval=1), smoothK2 = input(1, minval=1), smoothD2 = input(1, minval=1)
length3 = input(144,minval=1),smoothk3 = input(1,minval=1),smoothD3 = input(1,minval=1)
k1 = sma(stoch(close, high, low, length1), smoothK1)
d1 = sma(k1, smoothD1)
plot(k1, color=black)
k2 = sma(stoch(close, high, low, length2), smoothK2)
d2 = sma(k2, smoothD2)
plot(k2, color=blue)
k3 = sma(stoch(close,high,low,length3),smoothk3)
d3 = sma(k3,smoothD3)
plot(k3,color=red)
Great stuff! Thanks so much!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out