Stochastic Channels

Donchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely.

%D line colored by direction.

Filled color areas represent overbought/oversold.
Shows breakouts as well as giving targets and entries in rangebound markets.