Stochastic Multi Timeframe
This indicator inserts in the same frame the data coming from the Stochastic Slow of Two different timeframes.
By using the “Time Frame 1” and “Time Frame 2” configuration parameters it is possible to specify the two timeframes.
This indicator is very useful to avoid a false signal generated by a single Stochastic indicator that doesn’t consider the information coming from other timeframes.
For example, by configuring the indicator to pick up the Stochastic information from that Daily and the H4 timeframes and by setting the current chart on the 1H timeframe it is possible to improve the entry accuracy.
An example that I am using an it is working well, is to follow the line crossing of the Stochastic configured on the 1H chart only if the Stochastic Multi Timeframe indicator is in synch:
Please contact me to have the full access to this indicator.
By using the “Time Frame 1” and “Time Frame 2” configuration parameters it is possible to specify the two timeframes.
This indicator is very useful to avoid a false signal generated by a single Stochastic indicator that doesn’t consider the information coming from other timeframes.
For example, by configuring the indicator to pick up the Stochastic information from that Daily and the H4 timeframes and by setting the current chart on the 1H timeframe it is possible to improve the entry accuracy.
An example that I am using an it is working well, is to follow the line crossing of the Stochastic configured on the 1H chart only if the Stochastic Multi Timeframe indicator is in synch:
- Long trade will be evaluated only if the Daily and 4H Stochastics have the K > D at the same time
- Short trade will be evaluated only if the Daily and 4H Stochastics have the K < D at the same time
Please contact me to have the full access to this indicator.