OPEN-SOURCE SCRIPT

StochFusion – Multi D-Line

159
StochFusion – Multi D-Line

An advanced fusion of four Stochastic %D lines into one powerful oscillator.

  1. What it does:
    Combines four user-weighted Stochastic %D lines—from fastest (9,3) to slowest (60,10)—into a single “Fusion” line that captures both short-term and long-term momentum in one view.

  2. How to use:Adjust the four weights (0–10) to emphasize the speed of each %D component.
    Watch the Fusion line crossing key zones:
    – Above 80 → overbought condition, potential short entry.
    – Below 20 → oversold condition, potential long entry.
    – Around 50 → neutral/midline, watch for trend shifts.
  3. Applications:Entry/exit filter: Only take trades when the Fusion line confirms zone exits.
    Trend confirmation: Analyze slope and cross of the midline for momentum strength.
    Multi-timeframe alignment: Use on different chart resolutions to find confluence.
  4. Tips & Tricks:Default weights [1,2,3,4] give more influence to slower %D—good for trend-focused strategies.
    Equal weights [1,1,1,1] provide a balanced oscillator that mimics an ensemble average.
    Experiment: Increase the fastest weight to capture early reversal signals.
  5. Developed by: TradeQUO — inspired by DayTraderRadio John


“The best momentum indicator is the one you adapt to your own trading rhythm.”

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.