Wave Cycle Stochastic
This is based of a modified stochastic numbers. The settings come from Barry Burn's foundation and advanced courses.
There are two stochastic indicators one on top of another. at the same time, you can turn off the lines and show the moving averages of percent D and percent K, this is something I added personally to farther investigate if they can be helpful or not.
Those who went through Barry's courses know that is oscillator is being used to find cycle high and cycle low in waves. Also Barry teaches what he calls mini-divergence and for that he uses this same oscillator. If you switch to weekly chart, the settings will automatically switch to those Barry teach for non 1 to 3 ratio situations so you don't need to worry about that. If seeing the higher time frame cycle indicator on the same oscillator is bothering you, you can again add another copy and only keep that one and turn off the rest.
There are two stochastic indicators one on top of another. at the same time, you can turn off the lines and show the moving averages of percent D and percent K, this is something I added personally to farther investigate if they can be helpful or not.
Those who went through Barry's courses know that is oscillator is being used to find cycle high and cycle low in waves. Also Barry teaches what he calls mini-divergence and for that he uses this same oscillator. If you switch to weekly chart, the settings will automatically switch to those Barry teach for non 1 to 3 ratio situations so you don't need to worry about that. If seeing the higher time frame cycle indicator on the same oscillator is bothering you, you can again add another copy and only keep that one and turn off the rest.
Release Notes:
- Added the ability for switching to RSI Stochastic : this will reduce the number of crosses between %K and %D specially on top and bottom limits
- Added the Crossing indicator (called buy/sell signal in option section)
-switched from automatically setting the non 1-3 ratio settings to a checkmark toggle (better approach)
- Added the Crossing indicator (called buy/sell signal in option section)
-switched from automatically setting the non 1-3 ratio settings to a checkmark toggle (better approach)
Release Notes:
Fixed some missing checks in drawing different sections, this is the FINAL version of this oscillator.
Release Notes:
Fixed a small issue in the formula, the original indicator's formula does not smooth percent D by default.
Added the ability for smoothing percent D as an option that is off by default.
Turned off the alternative drawing by default.
Added the ability for smoothing percent D as an option that is off by default.
Turned off the alternative drawing by default.