‘Three timeframes Stochastic Average’ displays in a separate window three Stochastic Oscillators of the specified timeframes, as well as their average value.
The indicator has twelve input parameters:
- Stochastic %K period – stochastic %K line calculation period
- Stochastic %D period – stochastic %D line calculation period
- Stochastic Slowing – stochastic %slowing period
- Overbought – overbought level
- Oversold – oversold level
- Drawing mode – indicator drawing type
- Steps – as a ladder
- Slope – sloping lines
- First Stochastic timeframe – the timeframe of the first Stochastic indicator
- Second Stochastic timeframe – the timeframe of the second Stochastic indicator
- Third Stochastic timeframe – the timeframe of the third Stochastic indicator
- Show first Stochastic – show the first Stochastic indicator
- Show second Stochastic – show the second Stochastic indicator
- Show third Stochastic – show the third Stochastic indicator
Fig.1. Three timeframes Stochastic Average, H4, H8 and D1 data on the H1 chart, Drawing mode = Steps
Fig.2. Three timeframes Stochastic Average, H4, H8 and D1 data on the H1 chart, Drawing mode = Slope