OPEN-SOURCE SCRIPT
Quad Rotation - Stochastic

This Indicator is a step up from the Triad Rotation Indicator previously made, as it has 4 Stochastic signals rather then 3.
It can be used mainly to identify potential reversal periods. If the Instrument becomes overbought, or oversold with all 4 stochastics a horizontal highlight will appear, either green or red. Green indicates the instrument is oversold, and may reverse soon, meaning you should take a buying positions, and red indicates an overbought position, where you may want to sell due to a reversal downward.
Additionally, you can set an alarm if all 4 stochastic indicators signal overbought or oversold. This will help reduce your need to watch each instrument, and reduce the likelihood of overtrading.
If you have comments regarding this indicator, if you found it helpful, or would like other improvements feel free to email me. If you are looking for other custom indicators, also feel free to email me. Email: thejak77@aol.com. This is an email rarely monitored, so please be patient, thank you!
All the best, and stay profitable!
It can be used mainly to identify potential reversal periods. If the Instrument becomes overbought, or oversold with all 4 stochastics a horizontal highlight will appear, either green or red. Green indicates the instrument is oversold, and may reverse soon, meaning you should take a buying positions, and red indicates an overbought position, where you may want to sell due to a reversal downward.
Additionally, you can set an alarm if all 4 stochastic indicators signal overbought or oversold. This will help reduce your need to watch each instrument, and reduce the likelihood of overtrading.
If you have comments regarding this indicator, if you found it helpful, or would like other improvements feel free to email me. If you are looking for other custom indicators, also feel free to email me. Email: thejak77@aol.com. This is an email rarely monitored, so please be patient, thank you!
All the best, and stay profitable!
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。