TradingView
Jesse.Lau
Dec 16, 2021 7:52 AM

[JL] Stoch Candle 

Description

I am playing Stoch and got an idea to display it as the candles.
So this is it.

Release Notes

Get a warning message from Pinecoders about description. So I updated it.
English is my second language. Sorry for any typos or wrong grammars.
This script display stoch crossover/crossunder as candles.
K>D then display Green bars,
K<D then display Red bars.
It can not be traded directly. You can use these candles to watch the strong/weak trend or reverse.
I normally use higher timeframe to watch it. I am trading 15 min, so I will watch 1 hour chart.

Release Notes

About MTF:
It can be coded. But MTF on one chart will use security function which always make repaint. So I will not update it to MTF version.
Instead, Tradingview split layout function is very powerful. I always watch MTF charts with the same indicators with symbol changes simultaneously one.

Release Notes

Change the main chart.
Combine with my other script Stochastic Divergence Alert looks better

Release Notes

  • add more boxes painting.

    Use line chart and combine with Stochastic Divergence Alert (27,9,9) looks better.



Comments
Raj_Sor
very useful, its logically true.!!
Jesse.Lau
@Raj_Sor, Thanks for the comment.
Jittra
Is it possible to make this indicator multi-timeframe?
Jesse.Lau
@Jittra, Thanks for the suggestion. It can be coded. But I don't like MTF on one chart because security function normally will repaint. I always use split layout to watch MTF with same indicators.
Jittra
@Jesse.Lau, thanks.
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