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