Inspired from the Works of Double Smoothed Stochastic by Walter Bressert, I present to you! Adaptive Double EMA StochWhich Performs adaptively to the volumetric trends,
So the Green and Red Area Regions which you over the Stoch Indicator is the direction in which you should trade, These Areas are formed by a volumetric adaptive stoch, of adaptive period determined by the crosses of VWMA 55 and VWMA 200
The blue line is a stationary fixed length Double EMA Stoch of length 14,
How to Trade
1. Get the Status of the Trend : green area, for Bullish and red for Bearish from adaptive stoch 2. Check for the First Overbought (of stationary Stoch / blue line above 80) in Bearish Trend to go short and similarly first Oversold (blue line below 20) in Bullish Trend to go long!
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 publications is governed by House rules. You can favorite it to use it on a chart.
About me
AlgoTrading Certification, (University of Oxford, Säid Business School)
PGP Research Analysis, (NISM)
Electronics Engineer
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