OPEN-SOURCE SCRIPT
Updated Quad Stochastic Oscillator

This is my take on the "Quad Rotation Strategy". It's a simple but powerful indicator once you know what to look for. I combined the four different periods into one script, which makes seeing the rotation, and other cues, easier. I suggest changing the %K line to dotted or off, so it doesn't clutter the view.
Release Notes
This is my take on the "Quad Rotation Strategy". I tweaked and combined the 4 stochastics in one pane to better see the rotation and divergences. %k line is off by default but can be used as an early warning, however it should be set to dotted line so it doesn't obstruct your view. Quad rotations should be taken with divergence confirmation. That can be at the same time or the divergence could come shortly after the quad rotation. Divergences work best at the end of the trend. Divergences on a strong trend are low probability, look for weakness. Yellow line divergences are stronger than the more common red line divergence. Stochastics can diverge from price action or each other. The slow orange line identifies the trend, it can signal change of direction or keep you from closing a trade too early. If the fast red line changes direction, but the orange line does not, the red will snap back in most cases. When all 4 stochastics get pegged overbought or oversold, look a top or bottom followed by a reversal. I've added my own things to look for like the fan pattern, bounces off the orange line, and rejection inside the 80 and 20 lines.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.