OPEN-SOURCE SCRIPT
EMCHO Stochastic Range
Custom Stochastic Oscillator with range plot. Can be used to better identify overbought/oversold conditions within a single bar. In addition to the default Stochastic:
- %K line smoothing algorithm selection;
- %D line smoothing algorithm selection;
- %K line high/low plotting;
- %K line high/low calculation factor (in bars, default 1).
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 publication is governed by House rules. You can favorite it to use it on a chart.
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