Have any of you heard of the Trend Traffic? Basically it measures the current time frame and the time frame 1 lvl higher and show the results in Green,Yellow,Red. If it's green it means both are aligning in the same direction. Yellow indicates indecisiveness,Red means they are in opposite direction.
There is a indicator that i wonder whether it can be done in the same way or not and that is Stochastic.
I have a unique way of using stochastic namely as the stochastic pop by Jake Bernstein's and i wish to measure the stochastic in the current time frame as well as 1 time frame lvl higher. If the higher time frame reaches overbought(above 70) and the current time frame is above 70,it will show green meaning it's a go to Long. If the higher time frame is below 30 and the current time frame is below 30,it is also green but we will go short this time. If the stochastic at the higher time frame is not above 70 or below 30 it'll be shown as yellow indicating no action should be taken. The indicator will be red if the higher time frame is opposite to the current time frame(higher time frame above 70,current time frame below 30)
I wonder if anyone will be kind enough to help me with this.
Contact me for more details. thanks
[email protected]
There is a indicator that i wonder whether it can be done in the same way or not and that is Stochastic.
I have a unique way of using stochastic namely as the stochastic pop by Jake Bernstein's and i wish to measure the stochastic in the current time frame as well as 1 time frame lvl higher. If the higher time frame reaches overbought(above 70) and the current time frame is above 70,it will show green meaning it's a go to Long. If the higher time frame is below 30 and the current time frame is below 30,it is also green but we will go short this time. If the stochastic at the higher time frame is not above 70 or below 30 it'll be shown as yellow indicating no action should be taken. The indicator will be red if the higher time frame is opposite to the current time frame(higher time frame above 70,current time frame below 30)
I wonder if anyone will be kind enough to help me with this.
Contact me for more details. thanks
[email protected]