Vision Essentials - STOCH

Vision Essentials - STOCH is the third indicator in our Essentials Pack. It's a fully customizable STOCHASTIC based indicator with various tweaks & perks the Vision team feels provides helpful visual feedback to the trader.

What makes this indicator different?

• The most obvious is the visual lack of a %K and %D line. We provide a single line that is the average of those 2 calculations at the given time. We feel this helps traders from hyper focusing on crossovers, and gives attention to the historical metrics of highs/lows, and the key levels of the stochastic.
  
• We provide a histogram style output at the stoch base of 40 for capturing the various swings occurring while above or below the base line.
  
• We output the key levels via the user defined values to draw horizontal boxes automatically for users. This prevents you from having to steadily update your manual chart drawing if you're tracking key levels.
  
• We output recent highs & lows of the averaged stochastic values. These values are length controlled via the indicator settings.
  

How do I use this indicator?

To best use this indicator it's highly recommended that you have an understanding of the stochastic oscillator. There are lots of great educational ideas here on TradingView which we recommend absorbing. We highly recommend you start with this article directly from the TradingView Help Center

Settings

• Stoch Source - The source series the stoch is based on
  
• Stoch Peak - Define the upper key level of the stoch
  
• Stoch Bottom - Define the lower key level of the stoch
  
• Stoch Line Width - Control the thickness of the Stoch Avg Line
  
• High/Low Distance - Define the distance for the indicator to identify recent highs and lows
  
• Stoch K Length - The length used for %K
  
• Stoch K Smoothing - The length used for %K smoothing
  
• Stoch D Smoothing - The length of %D which is an average of %K
  
• Stoch Avg Color - The color & opacity of the Stoch Avg Line
  
• Recent Low Color & Recent High Color - The colors of the recent highs and lows
  
• Stoch Bottom & Stock Peak Colors - The colors of the horizontal boxes drawn at key levels
  
• Visual Settings+ - The histogram colors of above 40.0 bullish/bearish movement
  
• Visual Settings- - The histogram colors of below 4.0. bullish/bearish movement
  

Notes de version:

Welcome Alerts! You can now create the following alerts from the indicator:

• STOCH - Recent High Change (Alerts your when the recent high has changed lower or higher than prior)
  
• STOCH - Recent Low Change (Alerts you when the recent low has changed lower or higher than priot)
  
• STOCH - STOCH Avg Peak (Alerts you when the STOCH average has reached your Stoch Peak setting)
  
• STOCH - STOCH Avg Bottom (Alerts you when the STOCH average has reached your Stoch Bottom Setting)
  

Changes

• Added alerts for Recent High Change, Recent Low Change, STOCH Avg Peak, STOCH Avg Bottom
  

How to create alerts

The quickest route for indicator specific alert creation is to hover over the indicator title on your chart "Vision Essentials - STOCH" and click the 3 dots at the end. Select the first menu option "Add Alert on Vision Essentials - STOCH" and this will bring up the alert creation dialog while also presetting the condition field to the correct indicator.