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Triple Stochastic Confluence by Atalla

Triple Stochastic Confluence by Atalla - Indicator Summary
Overview
The "Triple Stochastic Confluence by Atalla" is a technical indicator for TradingView that identifies potential trading opportunities using the confluence of three Stochastic oscillators with different timeframes. The indicator focuses exclusively on the %D lines (signal lines) of the Stochastics.
Key Components
Three Stochastic Oscillators
Short-term Stochastic: Period 9, %K Smoothing 1, %D Period 3
Medium-term Stochastic: Period 14, %K Smoothing 1, %D Period 3
Long-term Stochastic: Period 60, %K Smoothing 1, %D Period 10
Visual Display
White lines for the first two Stochastics (%D lines)
Yellow line for the third (long-term) Stochastic (%D line)
Background color changes to highlight trading opportunities:
Yellow background: Bullish signal
Red background: Bearish signal
Trading Signals Logic
Bullish Signal (Yellow Background)
A bullish signal occurs when any Stochastic %D line is in the oversold zone (≤25%) while at least one of the other %D lines is in the overbought zone (≥75%).
Bearish Signal (Red Background)
A bearish signal occurs when any Stochastic %D line is in the overbought zone (≥75%) while at least one of the other %D lines is in the oversold zone (≤25%).
Configurable Parameters
Stochastic periods and smoothing values
Overbought level (default: 75%)
Oversold level (default: 25%)
Alert Conditions
The indicator includes alert conditions for both bullish and bearish confluence signals, allowing users to set up automated notifications for trading opportunities.
Trading Philosophy
This indicator leverages the concept of momentum divergence across different timeframes. When oscillators at different timeframes show opposing extreme readings (one in oversold and another in overbought), it may indicate a potential reversal point in the market. The indicator's strength lies in identifying these confluences automatically and providing clear visual signals.
Overview
The "Triple Stochastic Confluence by Atalla" is a technical indicator for TradingView that identifies potential trading opportunities using the confluence of three Stochastic oscillators with different timeframes. The indicator focuses exclusively on the %D lines (signal lines) of the Stochastics.
Key Components
Three Stochastic Oscillators
Short-term Stochastic: Period 9, %K Smoothing 1, %D Period 3
Medium-term Stochastic: Period 14, %K Smoothing 1, %D Period 3
Long-term Stochastic: Period 60, %K Smoothing 1, %D Period 10
Visual Display
White lines for the first two Stochastics (%D lines)
Yellow line for the third (long-term) Stochastic (%D line)
Background color changes to highlight trading opportunities:
Yellow background: Bullish signal
Red background: Bearish signal
Trading Signals Logic
Bullish Signal (Yellow Background)
A bullish signal occurs when any Stochastic %D line is in the oversold zone (≤25%) while at least one of the other %D lines is in the overbought zone (≥75%).
Bearish Signal (Red Background)
A bearish signal occurs when any Stochastic %D line is in the overbought zone (≥75%) while at least one of the other %D lines is in the oversold zone (≤25%).
Configurable Parameters
Stochastic periods and smoothing values
Overbought level (default: 75%)
Oversold level (default: 25%)
Alert Conditions
The indicator includes alert conditions for both bullish and bearish confluence signals, allowing users to set up automated notifications for trading opportunities.
Trading Philosophy
This indicator leverages the concept of momentum divergence across different timeframes. When oscillators at different timeframes show opposing extreme readings (one in oversold and another in overbought), it may indicate a potential reversal point in the market. The indicator's strength lies in identifying these confluences automatically and providing clear visual signals.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。