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Classical Stochastic indicator. The only difference is as follows: the bars when the Stochastic values are in extreme zones are marked with points in the main chart window. The current bar which has not completed doesn't participate in calculations. The indicator can be useful for the traders who use Stochastic in their trading. The lower part of the chart is free of any data.

The indicator parameters completely correspond to the classical Stochastic indicator.

Parameters complementing the classic Stochastic indicator:

  • Mode - the Selection mode of the indicator. Two modes are available: Classic stochastic - work as well as classic stochastic; Stochastic and extremes - display of extreme values of the indicator.
  • Alert number of bars - issue a warning to the trader when the indicator values are in extreme zones. To disable it, it is enough to set the value of this parameter to zero.

You can also download and test the multi-timeframe version of this indicator.

On how to use this indicator in your trading system, you can read in my blog.

sunnychow 2018.12.15 17:55 

Thanks for sharing

Maksym Mudrakov
Maksym Mudrakov 2016.08.31 13:50 

User didn't leave any comment to the rating

Version 1.3 2018.08.21
Fixed a bug where the indicator gave warnings for every tick.
Version 1.2 2018.08.21
Added the ability to issue a warning to the trader when the indicator values are in extreme zones. Parameter 'Alert number of bars' - sets the number of bars which should be located in the extreme zone, for the issuance of warnings.
Version 1.1 2016.03.08
Added parameter (Mode) that sets the operation mode of the indicator.
If the Mode parameter is set to 'Extremum', it marks the extreme values of the price.
If the Mode parameter is set to 'Stochastic', the indicator works the same as in version 1.0.