Tipu Stochastic

Tipu Stochastic - a modified version of the original stochastic oscillator, published by MetaQuotes here.

Features

• Three types of signal (U-turns, the primary signal crossing intersection perekuplennosti / pereprodannosti).


• Customizable alert signals to buy / sell, push-notifications via email alerts and pop-up message on the screen.


• Notes overbought and oversold levels.

Add Tipu Panel (located here) and unlock additional features:

• Easy-to-use panel that shows the trend + signal selected timeframes.


• Stochastic displays values ​​at selected timeframes.


• Customizable toolbar. The panel can be placed anywhere on the chart and collapse to make room.

Stochastic Oscillator was developed by George C. Lane in the 1950s. This is a momentum indicator that compares the closing price of the tool relative to its price range (maximum - minimum) for a period of time. Dzhordzh Leyn argued that the stochastic oscillator should not be the price, volume or anything like that. It works on the basis of speed or pulse rates. As a rule, the momentum changes its direction before the price.

Instructions for use

Stochastic oscillator goes up, when the closing price is in the upper range (i.e., the closing price is near the maximum of this period). If a strong market trend Stochastic may remain in perekuplennosti / pereprodannosti for a long period of time. Vending signal may be generated when Stochastic crosses overbought / resale. It may also appear when the main line changes direction and begins to move in the opposite direction. Stochastic may also be used to signal discrepancies. The divergence (divergence) occurs when Stochastic directional movement is not confirmed price action. For example, bull divergence occurs when a pair of fixed lower EURUSD minimum, Stochastics and generates higher minimum. This means that EURUSD loses momentum and can bovine correction.

Intersections Stochastic also give ble trading signals when used with fluctuations in the trend line, the formation of the spark, support and resistance levels.

Calculation

% K = (CLOSE-LOW (% K)) / (HIGH (% K) -LOW (% K)) * 100

% D = SMA (% K, N)

Full description of the stochastic description by reference.

Options

• Show Panel? - display settings true / false - show / hide the panel (you must add Tipu Panel on the chart).


• Short Name for the Panel - short name for the title bar at the Tipu Panel.


• Panel Display - that should be displayed in Tipu Panel.
  
  
  
  • Buy / Sell signal - "B" - a buy signal, "S" - for sale.
  
  
  • Stochastic plot - display the value on the Stochastic chart.
  
  
  
  


• K Period - Stochastics settings.


• D Period - Stochastics settings.


• Slowing - Stochastics settings.


• Average Method - Stochastics settings.


• Price - Stochastics settings.


• Overbought - Stochastics settings.


• Oversold - Stochastics settings.


• types of signals
  
  
  
  • Mark Buy / Sell Signals - visual display signals to buy / sell: arrows, vertical lines or anything.
  
  
  • Arrow offset (pips) - Indent shooter from High (for a sell) and Low (to buy) in pips (only works if Mark Buy / Sell Signals = Arrow). The increase in the indentation (in pips) shifts the arrow farther away from the high / low candles.
  
  
  • Buy / Sell Colors - color icons.
  
  
  • Reversal - generates a trading signal when the stochastic changes direction. For example, a buy signal is generated when the Stochastic was down on the previous candle analyzed, and it is the current top.
  
  
  • Main Signal Cross - generates a trading signal when the main line crosses the signal.
  
  
  • OS OB Cross - generates a trading signal when the main line crosses the level of overbought or oversold.
  
  
  
  


• Alert Shift - candles on a signal delay, enter 1 to send the alert after the passage of 1 candle.


• Alert Mobile - true / false, sending push-notification on your mobile device, you must specify the appropriate settings.


• Alert onscreen on change - true / false, a message on the terminal screen, is displayed in a separate window.


• Alert email on change - true / false, email alerts, you must specify the appropriate settings.

sources

1 Lane, G. (1986) Using Stochastic, Cycles, and R.S.I to the Moment of Decision. Watseka, I.L .: Investment Educators.

Video