when using stochastic indicator I did not understand how so many ways of setting up the most appropriate value. especially when I did not so understand how to use stochastic correctly. therefore I have much to learn by trying to use some of the most appropriate value for I can use. especially for the analysis of some value to have a different pattern as well. i hope i find solution here
Hi, I was using scalping trading skill with stoch as my early signal for buy/sell.i want to find or someone can help me make this stoch to allerter that can scan all the pairs and alert us if it reach certain level. I will shared this trading systems if i got this indicator. This trading skills i can sell for good price but i think i will shared for free later. Condition for alerter*can scan for all timeframes from M5 up to Daily timeframes1. stoch setting(refer the picture in attachment)2. Alert when closing candle after first hit stoch level 5 or 95. so its just alert when hit this two levelThat all for i need for this trading systems. Anyone can help with it? i will backtest it later to see if its good or need to improve.
This indicator is almost similar to RSI which indicates the saturation of the market where when it reaches 95 or 5, the price will reverse
That's right, this indicator is almost similar to RSI, which has a saturation level of 80 and 20 for default settings, only on this stochastic indicator there are more waves or up and down movements if using default settings 5,3,3
Hi. In some cases, you will have many signals at the same time. In this case, it is easy to get confused. I suggest using the panel with the current signals. If you're interested, I can do it.thanks mate. its will be nice for thats. But i think its will be complicated coded right?. that why i dont bother to ask more advance version because i'm still new here. If you still want to do, i also will shared of my scalping skills using this stoch with all, hope someone can get benefit too from this.
Stochastic oscillator is indeed one of the indicators that is available to be ignorant when you want to trade but all indicators in my opinion cannot be 100% valid.
I think this takes a long time to determine the market executionbut what's the harm in trying
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