Theory :
Stochastic oscillator is usually used on prices. But sometimes that produces much noise. Some filtering methods can be used (like this : Stochastic of Filtered Price).
This version :
This version adds an option to use averages for that purpose instead. The averages types that can be used :
- simple moving average(SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
Also, this version is made to be displayed directly on the main chart, instead of being displayed in its own sub-window
Usage :
You can use the color change as signals (there are 3 color change modes added for that purpose)
