Color Stochastic Indicator

Color Stochastic Indicator

How To Use:

Color Stochastic indicator shows overbought and oversold levels.
Stochastic readings above 80 suggest market being overbought, Stoch line turns green;
while readings below 20 - market being oversold, Stoch line turns red.
Ability to see these areas at a glance helps to judge about trends and reversals.
While Stochastic stays above 80 (green line) - an uptrend is in progress.
At the same time a reversal momentum should be anticipated soon. In particular, traders should watch for developing reversal patterns such as:
- failure swing high,
- double top,
- head-and-shoulders pattern.






Download:

Color Stochastic (ZIP FILE)
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