Stochastic Momentum Index (SMI)Stochastic Momentum Index (SMI) or Stoch MTM is used to find oversold and overbought zones. It also helps to figureout whether to enter short trade or long trade.
Red Shade in the Top indicates that the stock is oversold and the Green shade in the bottom indicates overbought.
Strategy:
Enter Long once the Overbought Zone ended and there's a crossover below -35.
Exit Long once the oversold zone is ended and there's a crossover.
Enter Short once the oversold zone is ended and there's a crossover above 35.
Exit Short once the Overbought Zone ended and there's a crossover.
Backup: Always use with another indicator because there will be multiple up and down movement in one Trend.
Stochastic Oscillator
MTF Stochastic CCI ALERTWorks good on 5 or 15min set to the 2hr or 4hr time frame.
Set an alarm (Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition" )
Or just as a visual.
Best to use other factors to confirm but most of the time it does a pretty decent job.
Candlestick Patterns With EMA and Stochastic6/11/15, Corrected barcolor errors.
Candlestick patterns identified and color coded according to position above or below 8EMA(TLine).
Special thanks to repo32, DavidR, and Chris Moody for coding ideas.
Bullish candlestick buy signals have a greater probability of success when Stochastics are oversold. Bearish ones have a
greater probability of success when overbought. Stack as many factors in your favor as possible. A candlestick signal by itself is of little value unless you apply additional information with it. An 8 EMA is coded also to help with buy/sell signals. Some of the videos by Steven Bigalow are on the Web to see how he uses it.
www.youtube.com
Regardless of systems and strategies used, make your second trade first: Know when you're going to exit. Risk management rules. Good luck and good trading.
Stochastic RSI - MTF - Up/down colours - 4hr default - squattterStochastic RSI - MTF - Up/down colours - 4hr (240) default
Stochastic CCI MTF w/ UP/DOWN colours - squattterStoch CCI has a nicer divergence than Stoch RSI.
Enjoy!
Stochastic CCI MTF w/ UP/DOWN colours - squattterStoch CCI has nicer divergences than Stoch RSI.
Enjoy.
KT_Smooth_StochasticI normally don't publish my indicators. However, I couldn't find a smoothed stochastic on TradingView officially or unofficially. This is a standard implementation of a smoothed Fast Stochastic where %K and %D are calculated and then smoothed by n periods. This helps to reduce chop and gives better extreme signals.
I have defaulted the indicator to use commonly used settings where %K is over 14 periods, %D is over 7 period, and the smoothing factor is 3 periods. I have also defaulted the extreme lines to an upper band of 80, mid band of 50, and lower band of 20. However, my favorite settings are %K = 10, %D = 10, Smooth = 3, upper band = 75, mid band = 50, and lower band = 25.
Sniper Stochastics 2 Sniper Stochastics 2 is like the other one - a triple stochastics consisting of different lengths, in this case 55,89,144.
One thing I noticed was that the stochastics lines can be a kind of divergence detector with the slow (red), medium (blue) and fast(black) lines making breakaways once they converge.
For example, if the lines are together and the black line starts to diverge upwards, it means that there is a positive divergence which will happen quickly and then end. The blue and the red lines are longer term divergences.
I wanted to share this one and the unique and interesting use of divergences with this indicator.
Rob RSI Stoch MACD Combo Alert//Created by Robert Nance on 5/28/16. Additional credit to vdubus.
//This was a special request from rich15stan. It combines my original RSI Stoch extremes with vdubus’ MACD VXI.
//This script will give you red or green columns as an indication for oversold/overbought,
//based upon the rsi and stochastic both being at certain levels. The default oversold is at 35.
//If Stochastic and RSI fall below 35, you will get a green column. Play with your levels to see how
//your stock reacts. It now adds the MACD crossover, plotted as a blue circle.
Super StochSuper Stoch Update
// Short Name Changed To "SS 3.0"
// Added a third StochRSI.
// Default resolutions S1= W, S2= D, S3= 240 (4H)
// Signal function for all StochRSI's.
// Made a Variety of Cosmetic Changes
Super StochAdded signal functionality to StochRSI 2
Set Default Resolution of StochRSI 1 to "D" and StochRSI 2 to "240"
Stochastic HistogramLast Edited: 5/19/16
Description:
This is a basic Stochastic histogram that essentially shows when the indicator
is either above or below the 50 level. Colors can be customized to your liking.
Length and smoothing factor can be adjusted as well. Defaults are 14 (Length)
and 3 (Smoothing Factor).
NOTE: The above chart contains the built-in stochastic indicator for comparison.
Stochastic Weighted Average for use on H1A weighted average of Hourly, Daily, Weekly and Monthly Stochastic.
SMI BarsUses SMI (Stochastic Momentum Index) to set bar colors:
When SMI above overbought, bar color is red.
When SMI is between 0 and overbought, bar color is maroon
When SMI is between oversold and 0, bar color is green
When SMI is below oversold, bar color is lime.
When SMI crosses above or below 0, bar color is orange.
StochRSI overSold/Bought alerts - by squattterDepending on the new trend - Fisher 100 crossing 0;
Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
Stochastic In BandsWhat about to display Stochastic Oscilator in EMA-ATR Bands? If you like the idea I would code advanced version
Jinqian168_V2RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic.
V2 added Price Bar Coloring. Buy when Orange or Green, Sell when Yellow or Red.
Sniper Stochastics Sniper Stochastics is a triple stochastic system.
Basically, watch the 20 and 80 crossovers. However, the settings of the three stochastics correspond to Fibonacci numbers 55, 89, and 144.
Since we have a fast, medium and slow speed stochastics; we can also watch the crossovers.
I have found that When the Red (144) is on top, it usually signals a turn upwards; conversely, a blue (89) on top of the others means that the market is going to go down.
So red on top = bullish and blue on top= bearish.
You can also think of them in terms of efficiency. If they all display the same and are overlapping in a single line; crossing an 80 or 20 line, this is a strong signal - bullish or bearish.
If on the other hand, you see them splayed out and moving away from eachother but the same direction; it signals a more inefficient process and thus a weaker signal.
I really enjoy using these and I hope you will too.
On the settings, I have turned off the %D so that they display only %K's. The Default is 55, 89 ,144.
RSI Stochastic Extreme Combo alertThis script will give you red or green columns as an indication for oversold/overbought based upon the rsi and stochastic both being at extreme levels (you set). The default oversold is at 35. If Stochastic and RSI fall below 35, you will get a green column (Both indicators at the extreme). Play with your levels to see how your stock reacts. RSI and Stochastic can both be changed along with each of the levels you would like the color change. I have set mine at RSI low: 37, RSI high: 63, Stoch low: 10, and Stoch high: 90. These levels have been working well for me on AAPL. Enjoy and don't forget to leave a comment if it helps your trading or you have other ideas about what is working for you.
Adaptive Ergodic Candlestick Oscillator [LazyBear]This updates Blau's excellent Candlestick oscillator to be adaptive by using the length of a scaled stochastic indicator and an exponent (for calculating the smoothing coefficient) to obtain the moving average.
Check out the options page for configurable variables.
More info on Ergodic Oscillator:
Book: "Momentum, Direction and Divergence" by William Blau
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com