OPEN-SOURCE SCRIPT
TDStochastic - TOM GOOD CAR (Center)
Indicator Overview
TDStochastic - TGC_Stoch_Center is a streamlined momentum analysis tool designed for clarity and efficiency. By integrating Stochastic calculations with a centralized real-time Dashboard, it allows traders to instantly identify market trends and momentum strength directly on the chart.
Key Features
Visual Dashboard: Features a top-center table displaying Trend Status (UP/DOWN), Price Strength (POWERFUL/WEAK), and the current percentage value.
Dynamic Bar Coloring: Automatically changes the candlestick colors based on Stochastic %D direction to filter out market noise.
Enhanced Smoothing: Utilizes SMA smoothing for K and D lines to provide a more stable and reliable signal compared to standard stochastic oscillators.
How to Use
Trend Identification: Monitor the "STATUS" cell. If the momentum is rising, it displays "UPTREND."
Strength Assessment: When momentum is positive and accelerating, the "POWERFUL" status confirms the prevailing trend's strength.
Execution: Ideally used for trend following. Traders can remain in positions as long as the bar color and dashboard status remain consistent with the direction.
Trading involves significant risk. This indicator is a technical analysis tool based on historical data and does not guarantee future profits. Always use proper risk management and do not rely solely on a single indicator for trading decisions.
TDStochastic - TGC_Stoch_Center is a streamlined momentum analysis tool designed for clarity and efficiency. By integrating Stochastic calculations with a centralized real-time Dashboard, it allows traders to instantly identify market trends and momentum strength directly on the chart.
Key Features
Visual Dashboard: Features a top-center table displaying Trend Status (UP/DOWN), Price Strength (POWERFUL/WEAK), and the current percentage value.
Dynamic Bar Coloring: Automatically changes the candlestick colors based on Stochastic %D direction to filter out market noise.
Enhanced Smoothing: Utilizes SMA smoothing for K and D lines to provide a more stable and reliable signal compared to standard stochastic oscillators.
How to Use
Trend Identification: Monitor the "STATUS" cell. If the momentum is rising, it displays "UPTREND."
Strength Assessment: When momentum is positive and accelerating, the "POWERFUL" status confirms the prevailing trend's strength.
Execution: Ideally used for trend following. Traders can remain in positions as long as the bar color and dashboard status remain consistent with the direction.
Trading involves significant risk. This indicator is a technical analysis tool based on historical data and does not guarantee future profits. Always use proper risk management and do not rely solely on a single indicator for trading decisions.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.