Lobowass 2 Stochastics

27 May 2020

This script uses a DMI, Stochastic, and two stochastic RSI, when they are all overbought or oversold (also applying price action and looking for bounce points) we can obtain a greater probability that the price will go in the direction we expect

This script is compact, which can be very useful for many traders

Default values

DMI:
Lenght=10
Stolenght=3

Stochastic:
K=14
D=3
Smooth=3

RSI Stochastic:
K=3
D=3
Lenght=6
Lenght Stoch=6

RSI Stochastic 2:
K=3
D=3
Lenght=14
Lenght Stoch=14

The indicators configured in this way can bring greater efficiency, do not confront only them, also use price action or other confirmat

They are arranged in a graph, such that the DMI has the oversold at 10 and the overbought at 90, the stochastic oversold at 120 and overbought at 180, first stochastic RSI at oversold at 220 and overbought at 280, and last stochastic RSI at oversold at 320 and overbought at 380, you can configure them your way taking into account that the DMI range is from 0-100, stochastic 100-200, stochastic RSI 200-300 and stochastic RSI 2 from 300-400