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The indicator displays the data of the Stochastic oscillator from a higher timeframe on the chart. The main and signal lines are displayed in a separate window. The stepped response is not smoothed. The indicator is useful for practicing “manual” forex trading strategies, which use the data from several screens with different timeframes of a single symbol. The indicator uses the settings that are identical to the standard ones, and a drop-down list for selecting the timeframe.
Indicator Parameters
- TimeFrame – time frame (drop-down list);
- KPeriod – %K period;
- DPeriod – %D period;
- Slowing – slowing;
- MAMethod – moving average method (drop-down list);
- PriceField – price type (drop-down list);
- StochLevel – the level, above which the downward line intersection is stated. The lower level is calculated according to the formula 100-StochLevel.
- UseAlerts – display alerts at line intersections.
