DislikedHere's the position of the stochs in the gbpchf trade. You can see the colored bars can be red or green all the way from os to ob.
As for your #2, you're actually not using the stochs for confirmation, IMHO. Stochs can remain os or ob for several hundred pips, which is why zz's repaint. If you were using stochs as a confirmation, wouldn't you at least want them to signal that you're going in the planned direction? Which would be red for short and green for long.
Just my 2 cents, but you'd have less need for add ons if you waited.
And for anyone interested, this is very similar to the bouncing pips or follow the dots strategy, both of which use zz's and trade on H4 charts.Ignored
you would miss good entry points if we used red to enter. opinion?