The Adaptive Stochastic Indicator V1 was created by John Ehlers (Rocket Science For Traders pgs 233-234) and this indicator uses the same calculations to find a cycle period that is then used for both the creation of the stochastic indicator but also for the smoothing to create a double smoothed stochastic indicator. Because it is calculated this way, this indicator is more reactive than almost any other stochastic indicator and provides clear buy and sell signals especially when the underlying stock is trending. It is interpreted in the same way as a normal stochastic indicator so great buy signals are when the indicator is below the oversold line and starts to move up and vice versa. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
เอกสารเผยแพร่
⋅
Updated to v5 and fixed a bug for some stocks pointed out by @iceco0l
@cheatcountry Love this indicator alot, however was wondering if you could extend the momentum passed 80/20 for overbought and oversold with a tad less "reactive" as you state "more reactive than almost any other stochastic indicator" Happy to edit code if you provide what sections of the code I should tweak? You might have to PM as I'm on free TV account.
I can pick up coding easily but new to pine editor... cheers
iceco0l
⋅
Hi @cheatcountry In some timeframes it shows me an error 'Pine cannot determine the referencing length of a series, what can I do?
@cheatcountry, I'm trying but the system is telling me that I dont have a paid subscription to do so (I'm still in the trial period), I get the error at ZILBUSD @ 5 min chart
I can pick up coding easily but new to pine editor... cheers