Stochastic with Oversold/Overbought levels color — Indicator by skyline-trader

Modification of original Stochastic covering:

dynamic color of smoothed Stoch if overbought or oversold levels reached
added inputs to Settings to define Oversold/Overbought levels dynamically
removed color fill what only makes indicator harder to read

Release Notes:

Additional Information:
- Stochastic is now simplified when it's coming to display (one, smoothed line shown)
- Stochastic line is being colored when it exceed Oversold and Overbought levels
- script together with DMI and OBV is working very well as additional confluence when taking trades; DMI is additional oversold/overbought indicator that can be checked together with Stochastic + OBV is showing also potential reversals via Divergences

skylinetrader.io

AI calculated Levels based on Darkpool and Options market data
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Open-source script

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