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ekrem6nel

Stochastic MTF II

ekrem6nel  
Stochastic Oscillator Stochastic RSI (STOCH RSI) Moving Average Convergence / Divergence (MACD)
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stochastic stochasticrsi macd
Combines Stochastics, RSI and MACD Histogram to give a complete picture of the momentum.

The main two lines are stochastics from the higher time frame(current time frame* 4).

The red columns are stochastic of macd histogram.
The green histogram is the stochastic rsi of price.

The dots at 50 line is the correlation between price and macd+rsi combo.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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