OPEN-SOURCE SCRIPT
Stochastic of Exponential Moving Average
Hi Traders,
This indicator is a classic EMA with a smoothed Stochastic oscillating around it, using the EMA as midpoint of the Stochastic oscilator.
It can be used as an overlay on your chart using the EMA as support and resistance or as an independent indicator under your chart.
You have to trim the width of the Stochastic depending on the value of your asset, so USD/JPY=1 and EUR/USD=300.
This is a great trend following and momentum indicator.
Cheers, Indicat
This indicator is a classic EMA with a smoothed Stochastic oscillating around it, using the EMA as midpoint of the Stochastic oscilator.
It can be used as an overlay on your chart using the EMA as support and resistance or as an independent indicator under your chart.
You have to trim the width of the Stochastic depending on the value of your asset, so USD/JPY=1 and EUR/USD=300.
This is a great trend following and momentum indicator.
Cheers, Indicat
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.