4 time frame stochastic
If I am correct, this is what you are looking for (I have this one on my PC) :
This is ther right tanks pal!!! Happy trades!
The overbought and oversold levels are treated a bit different in this one. Instead of keeping them on constant levels they are calculated form the stochastic itself and are modified by a certain step as the time from the last high or low passes. It looks interesting and it seems that it can give a bit different picture at the market looking at indicator values this way
Will it be possible to place an alert when price penetrates the longer slope?...
Thanks Mladden, DSS is the cats meow!
This is now my favorite filter.
It turned out to be simpler than I thought. This one will alert when the line opposite to the last penetration is penetrated, and it translates to exactly what you asked for : the longer line is always opposite to the current last penetration peak
To turn the alerts on, set the alertsOnparameter to true. The rest is there t choose exactly what kind of alerts you want
Stochastics cross signal
I need an ea or a script that, when applied to a chart, will place an order (buy or sell) when the stochastic crosses above from 80 (sell) or below from 20 (buy).
Obviously this script/ea should have options as to the size of the order, and should also accomodate trailing stop and stop orders.
Hi gcgman, Thanks for posting your chart with favorite filter. Can I ask what appears to be two smoothed moving averages are in the chart window? They look nice too. Thanks!
DSS with 2 MAs
Jake Bernstein recommends using the simple 8 open & close. I instead use the LWMA of the 8 open & close. For the DSS I am using settings of 7,3. I found that I was sometimes a little late coming to the party so I changed the boundaries of the DSS to 85 and 15. I watch for opportunities when the DSS comes out of overbought and oversold but, as a filter I don't buy when the DSS is in oversold and I don't sell when DSS is in overbought. That may sound absurd but, it can stay in ob/os for a long time before coming out. Likewise, I am watching the two moving averages for crossing signals to buy or sell.
Thanks again ...
Thanks again gcgman, been experimenting with the moving averages and could not get anything like what you have, also tried the DEMA rsi, and various versions of smoothed rsi -- currently with the BBRSI; but have not yet tried your DSS settings. Good trading,