OPEN-SOURCE SCRIPT
Stochastic Structure Analyzer
A momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.
- Stochastic can be used for buy and sell signals as usual.
- The bars at the back represent the stochastic value of the OBV based structure calculation.
- The color of the stochastic line is a preliminary indicator of an up move.
- The fill color between the stochastic lines indicate the trend strength,
How to use: I suggest combining this with a higher timeframe to buy when the both stochastics are crossing below 20 line. And sell when one of the stochastics crosses-down.
This is the stochastic version of the structure analyzer(tradingview.com/script/66qgS9gj-Structure-Analyzer/).
- Stochastic can be used for buy and sell signals as usual.
- The bars at the back represent the stochastic value of the OBV based structure calculation.
- The color of the stochastic line is a preliminary indicator of an up move.
- The fill color between the stochastic lines indicate the trend strength,
How to use: I suggest combining this with a higher timeframe to buy when the both stochastics are crossing below 20 line. And sell when one of the stochastics crosses-down.
This is the stochastic version of the structure analyzer(tradingview.com/script/66qgS9gj-Structure-Analyzer/).
Script de código aberto
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 publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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