Simple Stochastic Spotter

26 בנוב׳ 2020

™TradeChartist Simple Stochastic Spotter is an elegant version of the classic Stochastic indicator and helps spot price trends using visually engaging and appealing Stochastic plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry and exit based on Stochastic .

===================================================================================================================

What does Simple Stochastic Spotter do?

• Plots Stochastic with visually engaging colours for Bull and Bear zones (Green and Red) with optional background fill.

• Plots Stochastic coloured bars on main chart based on user preferred Upper and Lower Stochastic bands (Default - 0/0).

• Plots Stochastic based on EMA smoothing (1 for Regular Stochastic without smoothing).

• Plots Heikin Ashi Stochastic if enabled from indicator settings.

• Plots Stochastic highs of Bull Zone and Stochastic lows of Bear Zone. Helps visually spot divergences.

===================================================================================================================

Note:

Default Settings:

5 period EMA Smoothed Stochastic .

For Heikin Ashi Stochastic on normal bars, enable ᴜsᴇ ʜᴇɪᴋɪɴ ᴀsʜɪ sᴛᴏᴄʜ and change EMA Sᴛᴏᴄʜ sᴍᴏᴏᴛʜɪɴɢ to 1.

===================================================================================================================