Custom Indicator--Interesting Thought Process! by ChrisMoody

I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.

Coming Soon: www.ChrisMoodyTrading.com

Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//Created by ChrisMoody on 5/5/2014 by request from Drat
//Reference Article with Specifics and Trade Patterns.  http://www.forexfactory.com/showthread.php?t=37111

study(title="CM_Stochastic_Threads", shorttitle="CM_Stoch_Threads")
//length = input(14, minval=1)
smoothK = input(3, minval=1, title="SmoothK - Keep at Setting 3")
smoothD = input(3, minval=1, title="SmoothD - Keep at Setting 3")
//k = sma(stoch(close, high, low, length), smoothK)
//d = sma(k, smoothD)

k6 = sma(stoch(close, high, low, 6), smoothK)
k7 = sma(stoch(close, high, low, 7), smoothK)
k8 = sma(stoch(close, high, low, 8), smoothK)
k9 = sma(stoch(close, high, low, 9), smoothK)
k10 = sma(stoch(close, high, low, 10), smoothK)
k11 = sma(stoch(close, high, low, 11), smoothK)
k12 = sma(stoch(close, high, low, 12), smoothK)
k13 = sma(stoch(close, high, low, 13), smoothK)

k14 = sma(stoch(close, high, low, 14), smoothK)

k15 = sma(stoch(close, high, low, 15), smoothK)
k16 = sma(stoch(close, high, low, 16), smoothK)
k17 = sma(stoch(close, high, low, 17), smoothK)
k18 = sma(stoch(close, high, low, 18), smoothK)
k19 = sma(stoch(close, high, low, 19), smoothK)
k20 = sma(stoch(close, high, low, 20), smoothK)
k21 = sma(stoch(close, high, low, 21), smoothK)
k22 = sma(stoch(close, high, low, 22), smoothK)
k23 = sma(stoch(close, high, low, 23), smoothK)
k24 = sma(stoch(close, high, low, 24), smoothK)


plot(k6, title="%K 6 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k7, title="%K 7 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k8, title="%K 8 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k9, title="%K 9 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k10, title="%K 10 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k11, title="%K 11 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k12, title="%K 12 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)
plot(k13, title="%K 13 Lower Time Frame Stoch", style=line, linewidth=1, color=aqua)

plot(k14, title="***%K 14 Base Stoch***(Keep Thick Line)", style=line, linewidth=4, color=red)

plot(k15, title="%K 15 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k16, title="%K 16 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k17, title="%K 17 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k18, title="%K 18 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k19, title="%K 19 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k20, title="%K 20 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k21, title="%K 21 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k22, title="%K 22 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k23, title="%K 23 Higher Time Frame Stoch", style=line, linewidth=1, color=red)
plot(k24, title="%K 24 Higher Time Frame Stoch", style=line, linewidth=1, color=red)

//plot(d, color=orange)
h0 = hline(80)
h1 = hline(20)
fill(h0, h1, color=silver, transp=75)