SpudStochastic Arrow Indicator: Ropes of Stochastics
SpudStochastic Arrow indicator is constructed using the Spud filament principle and is an oscillator consisting of eight Stochastic indicators with different parameters.
How the SpudStochastic indicator works
When all the Stochastics come together and form one thin line (the threads are woven into a rope), then we are ready to deal. The string should form a top and turn in the opposite direction. It is at this time that we need to open a position. This vertex must be in the zone overbought/ oversold or near the borders of these zones.
Arrows appear at the moment when all Stochastics are out of the overbought/oversold zone. The entry signal is duplicated by the text alert.
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Other modifications of the Stochastic indicator
