divergence/convergence using stochastic

TEAMTRADER

Member
76 1
Can anyone code a stochastics indicator that draws a line on the stochs indicator itself?
Starting point (important) of the trendline is over 80 and under 20.
The function is to see immediately when there is a downward pointing trendline on stochs whilst it is over 80 or an upwards pointing trendline when it is under 20. These trendlines will advise on entries and when NOT to trade (E.G., when the line is pointing down and the price is going up.)
I have drawn them manually in the attached illustration.
There is no stochs indicator that does this - there are specialist divergence stochastics indicators and stochastic cross indicators but these are not what is needed.
Thanks to anyone who can code this.
Regards
TEAMTRADER
 

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FringFX

Active member
244 6
have you tried stochastics with divergence indicators floating around the interweb? I think they are fairly close to what you need, or at least they just need some tweaking.
 

TEAMTRADER

Member
76 1
have you tried stochastics with divergence indicators floating around the interweb? I think they are fairly close to what you need, or at least they just need some tweaking.

Have you an example indicator? I've not found any that are adjustable and that correctly recognise convergence.
TEAMTRAER
 

FringFX

Active member
244 6
none right now.... but i have seen and tried several a few years ago. I suggest you search around. forex factory has a few, check it out
 
 
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