Tidal Wave
(EasyLanguage)

this indicator measures the velocity of the slow stochastic
it will turn before the stoch turns
it will show divergence before MACD does

in the illustration, I have included the slow stochastic for your comparison.

enjoy!

[godman]

i tried copying and pasting the txt code into my tradestation to create the indicator and it doesnt plot. anyway to create an eld for me so I can watch it? thanks!

Vince

[daedalus]

Here ya go buddy.

[godman]

thanks!!!!! i appreciate your assistance

[simterann22]

Tams,

what is the best way to use this indicator and with what other indicator(s) do you couple it with?

:Cheers:

[Tams]

Originally Posted by simterann22 »

Tams,
what is the best way to use this indicator and with what other indicator(s) do you couple it with?
:Cheers:

This is a derivative of Stochastic...
As a trial run, I would suggest users to put the indicator side-by-side with Stochastic and observe the behavioral difference.


As with any oscillator, it was not designed to work alone -- always use it in conjunction with a trend indicator.

[Tams]

if you are interested in more advanced methods in programming pivots, here's an useful tutorial:
(p.s. this is not the method I used in Tidal Wave.)

Tutorial 26 | Diveregence between price and a stochastic indicator

YouTube - Tutorial 26 | Stochastic divergence | Tradestation EasyLanguage tutorials from Markplex.com

YouTube - Tutorial 26 | Stochastic divergence | Tradestation EasyLanguage tutorials from Markplex.com

[lonew0lf]

erroneous post, ignore