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Different timeframe stochastics
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=4110
Forum: 17 · Topic 4110 · 3 post(s)
Different timeframe stochastics
Alexander.Gettinger · Wed May 04, 2011 3:05 am
Oscillator draw 3 stochastics with different timeframes and their average value as result line.
Download:
The indicator was revised and updated
Re: Different timeframe stochastics
emjay-short · Fri Jul 08, 2011 11:57 am
Known as Wallaby by Rob Booker (request was here viewtopic.php?f=27&t=4933&p=12411&hilit=Wallaby#p12411)
The Wallaby (Stochastic / yellow line) is the average of 3 different time frame Stochastics (ie 5m, 15m, 1H). It should be a good help to identify divergences where you then can try fade new price high or low in a counter trend trade which is in line with the long-term trend, with a tight tight stop. If you want to know how to use it, see this video (YT) and Rob’s website below.
- http://www.youtube.com/watch?v=p_mYOBkkTrY
- http://rob.bz/1st-annual-presidents-day-rules-of-trading
- http://rob.bz/how-i-trade-divergence-on-the-short-term-char
- he also got wind that FXCM’s MS supports his idea (indicator) now http://wallaby.me/wallaby-for-fxcm-trad … -whoa-yeah Apprentice gets in the Screencast a personal shout out
I attached an example for the USDCHF. Hope that helps to get an idea of this indicator.
Re: Different timeframe stochastics
Apprentice · Thu Mar 16, 2017 5:19 am
Indicator was revised and updated.