Stochastic Vs Price Divergence indicator help

Fea · Wed, 28 Mar 2018 07:27:34 +0000

Hi I was hoping someone with better coding knowledge could help to create an indicator that looked for the following two triggers. I tried to a adapt some of the indicators found on this site but my attempts have failed miserably. I have found this to be an extremely reliable indicator for near term direction change regardless of chart time frame ie. 1, 5, 60 min, daily timeframe. Infact confirmation on multiple timeframes is even a stronger indication. Should be coupled with manual assessment of oversold/overbought nature and infliction of longer duration Stochastic 40,4,4 and 60,10.6 i.e lower probability when longer time frames are embedded in overbought or oversold territory. Buy divergence Price formed a Lower Low (confirmed by a higher close price on the following bar) and the corresponding 14,3,3 Stochastic %K has formed a Higher Low Sell divergence Price formed a Higher High (confirmed by a lower close price on the following bar) and the corresponding 14,3,3 Stochastic %K has formed a Lower High

This topic has 16 replies, 4 voices, and was last updated 5 years ago by GraHal.

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08/21/2019 at 10:17 AM #105170
robertogozzi
Look at the attached pics:

Pic1: click the bell icon on the toolbar

Pic2: click somewhere in the indicator window

Pic3: select the first condition and
1 – select “div STO bull”, then relational operator “>”, then “zero” (for the second condition select “div STO bear”, then “<“, then “zero”), you may also select the bar/candle to which you want the alarm to be applied (current one is default)
2 – select when you want the alarm to pop up/beep, whether LIVE or when a candle CLOSES
3 – create alarm

Pic4: a bell icon will be added to your indicator’s toolbar to let you know you have an alarm set on it.
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08/21/2019 at 10:20 AM #105175

GraHal

Below should help you re setting up Alerts

https://www.prorealtime.com/en/help-manual/create-market-alerts

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robertogozzi

GraHal
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Stochastic Vs Price Divergence indicator help

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