I have tried it on normal timeframe charts and offline range and renkorange charts without success.
Try this one out : stochastic_zones_2_nmc.mq4
any chance you could put some color on this and an alert when the slope changes?
thanks for your time and trouble
At times like these I wish I was not testing but trading!
Is there an 'under the chart' stochastics indicator that gives the same 'block/retangle' colours as per your 'on-chart' zones indicator?
Added color and alerts on slope change.
HELLO MR TOOLS,
Please can you kindly assist to create this new indicator using Stochastic oscillator and open price vs close price.
% K Period 120
% D Period 1
Price Field ( low / high )
MA Method ( linear weighted )
LEVELS ; 20 AND 80
Indicator DESIGN ; Horizontal Histo Bars
Indicator COLORS ; GREEN, RED, and GOLD.
INDICATOR RULES ;
GREEN Signal ; Anytime the Stoch MAIN LINE IS ABOVE LEVEL 20
AND THE CLOSE PRICE OF THAT BAR IS HIGHER THAN THE OPEN PRICE,
the HISTO would show color GREEN.
RED Signal ; Anytime the Stoch MAIN LINE IS BELOW LEVEL 80
AND THE CLOSE PRICE OF THAT BAR IS LOWER THAN THE OPEN PRICE,
the HISTO would show color RED.
GOLD Signal ;Any time EITHER OF THE GREEN OR RED Signal conditions are NOT FULFILLED
the HISTO would show color GOLD.
THANK YOU VERY MUCH FOR THE GREAT WORK.
I needed a stochastics indicator with a signal and box alert that would show when the fast and slow lines crossed levels 75 and 25 in both directions.
The attached indicator was a good start but it showed one incorrect signal and it needs to be 100% correct for live trading.
Is there a stochastics indi with alerts/screen signals that show when variable setting of stochastics cross over as well as under two defined levels?
Illustration showing the faulty signal (the black arrow when the stochstics did not get above the chosen set level of 25) of the attached indicator.
It also only shows the cross in one direction of the set levels. That is going down under the upper level and up over the lower level whereas I'd like to see a signal on crossing a level both ways. Hope that is clear.
I've searched through all the stochastics indicators but not found one so any help appreciated.
Please when you are less busy kindly consider my recent request in POST 668.
THANK YOU VERY MUCH.
Hello Winner246, working on it just haven't figured out how to do it correctly yet.
does a working version (on MT4 600+) of this one exist?
Double smoothed stochastic 2