The classic Stochastic indicator. The only difference is that in the main chart window, the dots mark the bars when the Stochastic indicator readings are in extreme zones. The current bar that has not yet been formed does not participate in the calculations. The indicator can be useful for traders who use Stochastic in their trading, while the basement of the chart remains free.
The indicator parameters fully correspond to the classic Stochastic indicator.
Parameters that complement the classic Stochastic indicator:
- Mode-Select the mode of operation of the indicator. There are two modes available: Classic stochastic-works in the same way as classic stochastic; Stochastic and extremes – displays the 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 read about how to use this indicator in your trading system in my blog.
- Mode-Select the mode of operation of the indicator. There are two modes available: Classic stochastic-works in the same way as classic stochastic; Stochastic and extremes – displays the 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.
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You can read about how to use this indicator in your trading system in my blog.
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