OPEN-SOURCE SCRIPT

Stochastic distance

Updated
Hello. I've used stochastic indicator basic formula and added distance columns of %D & %K to it. The idea of columns is from MACD indicator that have distance columns in it that rising and descending these columns shows the power of trend rising or descending. I hope it will be practical and useful.
Release Notes
Version 1.0.1
I've changed the order of plot functions to plot the columns under the %D and %K lines
Release Notes
Version 1.0.2
I've changed the overlay of indicator and it can be overlaid on chart.
distanceOscillators

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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