Stochastics is one of the most used Indicators in Financial Markets. This indicator combines 28 stochastics with various lengths (Long and short terms) in one oscillator and stack them vertically. Values of each stochastic is converted to a color, providing easy to use trading signals and confluence. Lower lines in the oscillator are shorter term stochastics and higher lines are longer term stochastics.
The average of all the stochastics is also plotted and used to color the candles.
When stochastics value exceeds 70, It would be a good confluence for a Long Position, and when it drops below 40, it would confirm a declining market signal.
Example Color Scheme
|90 - 100||Dark Red|
|80 - 90||Dark Orange|
|70 - 80||Orange|
|60 - 70||Yellow|
|50 - 60||Lime Green|
|40 - 50||Navy|
|30 - 40||Dark Blue|
|20 - 30||Blue|
|10 - 20||Light Blue|
|0 - 10||Cyan|
NinjaTrader 8, Bloodhound 1 or 2, Blackbird 1.0, and NinjaTrader Strategy
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