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Minetoo

Screaming Fast Moving Average

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estate1997,what do the yellow,purple and red slashes represent? The yellow looks like possible reverse in price. Nice pics johnnydaymon.

 

The purple is divergence, price is increasing/decreasing and volume is going the opposite direction.

If I recall correctly the yellow looks at the stochastic and foretells of a change. Depending on how fast you accelerate the stochastic, it sees when it is way over extended. Readings at -33.33 or tops at 133.33 .

The amplitude adjustment is to get the plot to move more. If you look at the historical plots you can adjust the height of the plot with these. You can tune the charts and find some very great turning points.

A word of caution, don't use a length of 1 unless you want a floating point error which can lead to crashes.

Try these. You may find some value.

TRADERS LAB.ELD

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I am glad you like them but i am sorry the code is a mess. Such is the way I think. Scattered. Don't forget to play with the amplitude to tune your charts. Once it is done you don't have to play with it again.

Also watch for the color changes on longer charts. It will see things that you can't. I say longer charts as they will bait you on shorter charts and take out your stops.

May I suggest putting the stochastic on a 13 or 16 length Kase chart. You should find the big picture trend there. The bottoms and tops are hard to mistake.

Best of trading to you,

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