MarceloTorres

STO‴ | STO - Colored Stochastic

STO‴ is a Stochastic oscillator that allows you to have a better understanding and interpretation of its behavior once you are able to see colored lines when it changes its direction.

What is the best is that you can use it with any kind of graphic that it will always considere the real open, close, high and low trading values.

To have access to this indicator, please contact me at: contato @ moneywise . com . br

Believe me, this indicator will make your life much easier!
Release Notes:
Under validation
Release Notes:
A new feature:
- upward and downward arrow signing the STO crossover/crossunder movement.
Release Notes:
Just added a better description to the indicator.
Release Notes:
Added Histogram Expantion/Contration Arrow Sign.
Release Notes:
Update to change the chart, making it a clearer view.
Release Notes:
Due to the fact that I have Traders requesting the original STO with colors only, I turned back this indicator to its original format. If you want the STOH (with histogram), I just released the new one.
So this current STOc‴ our Stochastic Colored is a Stochastic oscillator as the original one but this allows you to have a better understanding and interpretation of its behavior once you are able to:

1. see colored lines when it changes its direction;
2. see colored arrow upward/downward when the %K line crossover/crossunder the %D line;
3. see the indicator with Ordinary or Directional Momentum OHLC values;
4. far right side of the indicator shows bars to that provides the buy/sell signal status:

Believe me, this indicator will make your life much easier!

To have access to this indicator, please contact DM me.
Release Notes:
Just chart ajustment, to make it cleaner.

TRADEWISER | Marcelo Torres
marcelo@tradewiser.pro

Vídeo-Análise completa diária no YouTube:
www.youtube.com/c/TradeWiserPro

Curso/AE
www.CursoAE.TradeWiser.pro

@TradeWiserPro
Telegram, Twitter, Facebook, LinkedIn, Instagram
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 MarceloTorres for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.