Bressert's Double-Smoothed Stochastic formula, with some extra features. Visual highlighting of overbought/oversold values with dots. On intraday charts you can optionally show the Daily Stochastic instead of using the minutes/hours data.
hello congratulations on developing this indicator I have been using it for a long time and I am finally doing good trading. asked if you would be able to make signals appear on the chart whenever a cross between stock% k and stock% D
whiteknightmoving
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I actually find myself using this simple tool everyday now. I really like the dots letting me take a second look at overbought and oversold readings. especially when this indicator stops produce the dots. At that point I find a bullish / bearish move is beginning to happen. Especially when I can observe a nice divergence, this becomes a leading indicator instead of a lagging one. Thanks for your work nj_guy72!
nj_guy72
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@whiteknightmoving, thanks for the compliments. Glad you like the highlight dots -- I like them for the same reason, it helps draw attention so you don't miss it. I just published a pair of RSI indicators (single and multi-timeframe) which also use those highlights, in case you want those too. You've seen them on my charts at EWT. :-)