OPEN-SOURCE SCRIPT
Stochastic %K Colored by Volume
Description:
"Stochastic %K Colored by Volume is a technical indicator that combines the traditional Stochastic %K oscillator with volume-based coloring. It highlights periods of high, low, and neutral trading volume by changing the color of the %K line. Additionally, it identifies bullish and bearish divergences between price and the %K oscillator, helping traders spot potential reversals and trend changes. The indicator also includes key levels for overbought, oversold, and extreme zones to guide trading decisions."
"Stochastic %K Colored by Volume is a technical indicator that combines the traditional Stochastic %K oscillator with volume-based coloring. It highlights periods of high, low, and neutral trading volume by changing the color of the %K line. Additionally, it identifies bullish and bearish divergences between price and the %K oscillator, helping traders spot potential reversals and trend changes. The indicator also includes key levels for overbought, oversold, and extreme zones to guide trading decisions."
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.
Sutaih
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.
Sutaih
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.