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[FGL] Stochastic ATR Trend Indicator

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This indicator:
  1. Detects trend direction using ATR-based dynamic bands around SMA.
  2. Generates buy/sell signals using Stochastic crossover conditions filtered by trend.
  3. Colors candles to show trend direction.
  4. Plots a visual “trend zone” band on the chart.


INPUT PARAMETERS:
  • Stochastic Length → Period for the stochastic oscillator.
  • Smooth K and Smooth D → Smoothing parameters for %K and %D lines.
  • ATR Length → Period used for SMA-based trend detection.


LOGIC FLOW
  • Determine trend using long ATR-based SMA channel.
  • Detect momentum change with Stochastic cross.
  • Confirm both momentum and price align with trend.
  • Generate buy/sell signal + change candle color.


STRATEGIC INTERPRETATION
  • Best use: Trend-following momentum entries.
  • Avoids: Countertrend false signals by filtering with trend value.
  • Signals:
    • Buy: In uptrend + bullish stochastic crossover.
    • Sell: In downtrend + bearish stochastic crossover.


Disclaimer

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