John Ehler's MESA Stochastic uses super smoothing to give solid signals. This indicator uses the same rules as every other Stochastic indicator so it would be worth looking into if you are not already familiar with reading a Stochastic. There are 4 different lengths displayed to give traders an edge on reading the market. This is a great tool to analyze waves and find tops and bottoms. It gives great pump and dump signals and even helps filter out bad trades when used with other indicators such as Boom Hunter. Below are some examples of signals to look out for:
Now THAT'S what I've been searching for. I am tired of switching between timeframes to read out stochastic. Thank you!!! On the last screenshot, what are the indicators you are using???
veryfid
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@akikostas, Hi, thanks for the coins! That last screenshot is using Center of Gravity Oscillator (COG), Boom Hunter Pro and Relative Volume. Good luck and happy trading!
PineCoders
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PineCoders
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@veryfid, Thanks for fast replay. I am sorry for my bad English. I meant how can we use your script to screen stocks? for example how can we find a stocks with condition of mesa() > mesa2() and mesa2() > mesa3() and mesa3() > mesa4().
veryfid
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@Maxilla_, Hi, it is possible to make a script to do that. Personally I screen stocks for boom hunter pro entries using boom hunter entry point screener and then qualify the entry using other indicators such as this one. When I get some time I will make a screener for this indicator.