OPEN-SOURCE SCRIPT
Stochastic Confluence
Updated
Shows 5 stochastic plots with moving average cross marks for different time-frames. Each plot is based on the current interval times the configurable multiplier.
E.g.: If you are viewing 1h chart, the settings 1, 2, 3, 4, 6 will get you stochs for the 1h, 2h, 3h, 4h and 6h.
E.g.: If you are viewing 1h chart, the settings 1, 2, 3, 4, 6 will get you stochs for the 1h, 2h, 3h, 4h and 6h.
Release Notes
- Fixed the stoch parameter names
- Changed the slope indication to be based of the Stoch K, instead of Stoch D.
- Added flash of background when Stoch D slopes align beyond the threshold.
Release Notes
Fixed slope calculation.Release Notes
Fixed the resolution multiplier issue for values exceeding 24h.It is not possible anymore to show stochs for fractions of days if they exceed 1D (and probably for the better).
Here's the limitations that TV have recently introduced:
The resolution argument allowable values are:
1S, 5S, 15S, 30S - for seconds intervals (chart resolution should be less than or equal to the requested resolution) (this is not supported in this indicator)
from 1 to 1440 for minutes
from 1D to 365D for days
from 1W to 52W for weeks
from 1M to 12M for months
Keep in mind that you may end up having 2 stochastics ending up on the same day.
Release Notes
Minor bug fix.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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