OnChart Kase Peak 2 Coloured

OnChart Kase Peak 2 Coloured

The “onChart Kase_Peak_2_Coloured” indicator plots Kase Peak 2 Oscillator  directly overlaid on the price chart, and candlestiks colours allows to interpret the values of KPH that could be plot or not like histogram (grey segment) on chart.

The Moving average of 20 periods is the center of the oscillator like zero level.

To maintain a correct range dimensions of the oscillator, I’ve suggest the following setting:

Time Frame 1 D – Setting ATRperiod=20
Time Frame 4 H – Setting ATRperiod=10
Time Frame 1 H – Setting ATRperiod=4
Time Frame 30 m – Setting ATRperiod=2
Time Frame 15 m – Setting ATRperiod=2
Time Frame 5 m – Setting ATRperiod=2
Time Frame 1 m – Setting ATRperiod=1

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Toto le Heros • 09/10/2018 #

    Very interresting indeed. But which preferences to select in the indicator in order to display it like you show on the picture. Per default, I just manage to get the “3D candles”… Tx in advance.

  2. Bard • 09/10/2018 #

    Hi @Ale, I was wondering if you knew why, when I went to put the Kase Peak Oscillator into it’s own indicator window, it is floating / curved and not horizontal / flat as in the lower half of the picture you supplied for this post? Cheers, Bard
    Chart here: https://www.dropbox.com/s/zclc2zoee361ca3/KPOcurved.png?dl=0
    Settings here: https://www.dropbox.com/s/ndqbuu9b5x0xw4o/KPOsettings.png?dl=0

  3. ALE • 09/10/2018 #

    Hello Bard,
    because they are two different indicators

  4. Bard • 09/10/2018 #

    Right, thanks Ale,
    I have taken your code and made a coloured Peak Osc (thanks again) but it “floats” and would prefer it to be flat on the x-axis! Not sure what the code is that does that? Did you ever post this Kase Peak Osc as a coloured stand alone chart indicator? It would be great to see it because it makes the divergences definitely easier to spot.

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