OPEN-SOURCE SCRIPT
[blackcat] L2 Vitali Apirine Stochastic MACD Oscillator
Level 2
Background
Traders’ Tips of November 2019, the focus is Vitali Apirine’s article in the November issue, “The Stochastic MACD Oscillator”.
Function
In “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD. He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD. The STMACD reflects the convergence and divergence of two moving averages relative to the high–low range over a set number of periods.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
Background
Traders’ Tips of November 2019, the focus is Vitali Apirine’s article in the November issue, “The Stochastic MACD Oscillator”.
Function
In “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD. He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD. The STMACD reflects the convergence and divergence of two moving averages relative to the high–low range over a set number of periods.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
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Skrypt open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
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