PROTECTED SOURCE SCRIPT
Sniper Stochastic
Atualizado
How to use?
1) If the color is blueish, bull is dominating the market.
a) Thus look for long position by waiting for the stochastics' cross over from oversold region (or any other skills that you have which is related to stochastic i.e. divergence trading)
b) If there is dark-blue highlight at lower quadrant, it means bull's power is really strong and stable.
2) If the color is yellowish, bear is dominating the market.
a) Thus look for short position by waiting for the stochastics' cross over from overbought region.(or any other skills that you have which is related to stochastic i.e divergence trading)
b) If there is dark-red highlight at upper quadrant, it means bear's power is really strong and stable.
3) If you use multiple time frame analysis for trading, if the higher time frame's pane color is blueish, you can look for buy opportunity at lower time frame.
1) If the color is blueish, bull is dominating the market.
a) Thus look for long position by waiting for the stochastics' cross over from oversold region (or any other skills that you have which is related to stochastic i.e. divergence trading)
b) If there is dark-blue highlight at lower quadrant, it means bull's power is really strong and stable.
2) If the color is yellowish, bear is dominating the market.
a) Thus look for short position by waiting for the stochastics' cross over from overbought region.(or any other skills that you have which is related to stochastic i.e divergence trading)
b) If there is dark-red highlight at upper quadrant, it means bear's power is really strong and stable.
3) If you use multiple time frame analysis for trading, if the higher time frame's pane color is blueish, you can look for buy opportunity at lower time frame.
Notas de Lançamento
1) Optimize the entry condition for long and short.2) Add up more condition to tighten the entry condition
- If the pane color is dark grey, it means the bull market is about to rise. It also indicates bear-run is about to end.
- If the pane color is orange, it means the bear market is about to rise. It also indicates bull-run is about to end.
Notas de Lançamento
1) Add up histogram for easy price/trend momentum monitoring2) Change stochastic setting to 14/3/5 for smoother lining
Notas de Lançamento
Updated averaging line (black colour) into the indi. If averaging line is above 50%, indicates strong bull and vice versa.Updated UI to be more simple.
Notas de Lançamento
Re-do the stochastic formula based on RSI-stochastic with refined RSI calculation. Notas de Lançamento
1. Updated the background coloring condition.: Look for buy position if background is blue.
: Look for sell position if background is yellow
Be wary of your entry of your choice if the background had 2 colors (blue + yellow)
If you are divergence trader, you can refer the black line for bullish/bearish or hidden divergence.
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