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Stoch Detector

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Flo Mar
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15 views2 pages

Stoch Detector

Uploaded by

Flo Mar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

indicator("Stochastic Pattern Detector", overlay=false)

// Adjustable Stochastic Settings via Inputs


k_period = input.int(1, title="K Period", minval=1)
k_smooth = input.int(1, title="K Smoothing", minval=1)
d_smooth = input.int(1, title="D Smoothing", minval=1)
stochastic_length = input.int(1, title="Stochastic Length", minval=1) // Default
length for Stochastic

// Stochastic Calculation
k = ta.stoch(close, high, low, stochastic_length)
k_smoothed = ta.sma(k, k_smooth) // Smoothed K Line
d = ta.sma(k_smoothed, d_smooth) // D Line

// Input settings for point thresholds


useEMA=input.bool(true,"Use EMA",group="EMA Setting")
len = input.int(200, title="EMA Length")
ema200=ta.ema(close,len)

long_first_move = input.int(40, title="Long First Move Threshold", minval=1,group =


"Stoch Move Setting Long")
long_second_move_up = input.int(20, title="Long Second Move Up Threshold",
minval=1)
long_second_move_down = input.int(10, title="Long Second Move Down Threshold",
minval=1)
short_first_move = input.int(40, title="Short First Move Threshold", minval=1,group
= "Stoch Move Setting Short")
short_second_move_down = input.int(20, title="Short Second Move Down Threshold",
minval=1)
short_second_move_up = input.int(10, title="Short Second Move Up Threshold",
minval=1)

// Variables to detect the first and second movements


var float stoch_prev = na
var float first_move = na
var float second_move = na

// Long Pattern Detection


long_condition_1 = ((k[2] - k[1]) >= long_first_move)
long_condition_2_1 = ((k - k[1]) <= long_second_move_up) and (k - k[1])>=0
long_condition_2_2 = ((k[1] - k) <= long_second_move_down) and (k[1] - k)>=0

// Short Pattern Detection


short_condition_1 = ((k[1] - k[2])>= short_first_move)
short_condition_2_1 = (k[1] - k) <= short_second_move_down and (k[1] - k) >=0
short_condition_2_2 = ((k - k[1]) <= short_second_move_up) and (k - k[1])>=0

// Pattern signals
long_signal_1 = long_condition_1 and long_condition_2_1
long_signal_2 = long_condition_1 and long_condition_2_2
short_signal_1 = short_condition_1 and short_condition_2_1
short_signal_2 = short_condition_1 and short_condition_2_2

long=false
short=false
if useEMA
long:=(long_signal_1 or long_signal_2 ) and close>ema200
short:=(short_signal_1 or short_signal_2) and close<ema200
if not useEMA
long:=long_signal_1 or long_signal_2
short:=short_signal_1 or short_signal_2

// Plotting signals on the price chart (overlay)


plotshape(long, title="Long Pattern", location=location.belowbar,
color=color.green, force_overlay = true, style=shape.triangleup, size=size.small)
plotshape(short, title="Short Pattern",force_overlay = true,
location=location.abovebar, color=color.red, style=shape.triangledown,
size=size.small)
plot(useEMA?ema200:na, title="EMA", color=color.green, linewidth=2,force_overlay =
true)

// Plot Stochastic Oscillator lines


plot(k, title="%K Line", color=color.blue, linewidth=2)
plot(d, title="%D Line", color=color.orange, linewidth=1)
hline(80, "Overbought", color=color.red)
hline(20, "Oversold", color=color.green)

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