This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz.
================================================================
Here is Gary`s commentary:
* I moved the core Confluence computations into a Confluence function.
Since the Confluence indicator returned several "states" (bull, bear, grey, and zero),
he...
This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz.
================================================================
Here is Gary`s commentary:
Since the Confluence indicator returned several "states" (bull, bear, grey, and zero),
he modified the return value a bit:
-9 to -1 = Bearish
-0.9 to 0.9 = "grey" (and zero)
1 to...
Shows 5 stochastic plots with moving average cross marks for different time-frames. Each plot is based on the current interval times the configurable multiplier.
E.g.: If you are viewing 1h chart, the settings 1, 2, 3, 4, 6 will get you stochs for the 1h, 2h, 3h, 4h and 6h.
This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz.
================================================================
Here is Gary`s commentary:
Since the Confluence indicator returned several "states" (bull, bear, grey, and zero),
he modified the return value a bit:
-9 to -1 = Bearish
-0.9 to 0.9 = "grey" (and zero)
1 to...
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