OPEN-SOURCE SCRIPT
Stochastic for Reversal Predict [yoxxx]

Usable for all markets, all time frames. (The bull bear sup/res lines are specific for stocks, but differ just a little to other instruments.)
This script is more likely a method support than a study - and your exit from the default stochastic club:
Most people use Stoch for ins and outs by 20 rsp 80 (a default behavior MM know well to deal with). C.G. Lane, the inventor of this indicator,
however used it to find divergences with quote (price / close) to predict reversals. Constance Brown refined this method by laying
a fix time cycle underneath the chart that is in rhythm with specific highs or lows of a stock or an index.
The length of one cycle divided by 2 equals the proper value for %D specified for that stock /index. The script offers an input for this specific value.
C. Brown stresses that good signals are only given within the bull or bear ranges (20-65 for bear markets, 40-80 for bull markets).
For your convenience, I laid these areas underneath the graphs. You can automate the divergence research (relative to quote)
by using my script "Bull Bear Divergence Indicator". Feedback welcome. Have fun and success.
This script is more likely a method support than a study - and your exit from the default stochastic club:
Most people use Stoch for ins and outs by 20 rsp 80 (a default behavior MM know well to deal with). C.G. Lane, the inventor of this indicator,
however used it to find divergences with quote (price / close) to predict reversals. Constance Brown refined this method by laying
a fix time cycle underneath the chart that is in rhythm with specific highs or lows of a stock or an index.
The length of one cycle divided by 2 equals the proper value for %D specified for that stock /index. The script offers an input for this specific value.
C. Brown stresses that good signals are only given within the bull or bear ranges (20-65 for bear markets, 40-80 for bull markets).
For your convenience, I laid these areas underneath the graphs. You can automate the divergence research (relative to quote)
by using my script "Bull Bear Divergence Indicator". Feedback welcome. Have fun and success.
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這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。