Stochastic is an indicator that try to draw the mean price over short and long period while making attempt to identify potential revert in the so called overbought and oversold level.
In this indicator, the price is replace with its mean calculated by the division of the highest and lowest price over N periods. It makes the stochastic less noisy but also more laggy.
It could be used to find good entries and re-entries on a clear identified trend.
Of course, because stochastic is built to find reversals points, this indicator will find its powerness in flat range.
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period = 50 N = 10 K = 20 if barindex>period then ll = lowest[period](low) hh = highest[period](high) mid = (ll+hh)/2 sto = SmoothedStochastic[N,K](mid) avg = exponentialaverage[1000](sto) sig = exponentialaverage[N](sto) endif RETURN -sto coloured(200,20,3), -avg as "mean", -sig as "signal line" |
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hi
No display for this indicator on PRT 10.3…empty windows…any suggestion please ?
I changed the code and the file to fix that issue. The indicator needs also at least 1000 units displayed to calculate correctly its mean.
great, thanks Nicolas !
argh…still nothing even with 10 000 bars on daily or hourly basis…
ok now : had to refresh the indicator.