divergence software, inc.
Development & Consulting Services
Product Detail
Stochastic TrendDetect for TradingView
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
Calculates and plots the standard stochastics (%K and %D). It also incorporates an adaptive trend-detection feature that operates in a fashion similar to the GET False Bar Stochastic.
A band will be plotted above the stochastic plot if bullish trend continuation is expected, and a band will be plotted below the stochastic plot if bearish trend continuation is expected. These bands should be used as filters for the stochastic signals. So, in general, if a band is present below the stochastic plot then you should favor short signals (down-trend is expected to continue) and if a band is present above the stochastic plot then you should favor long signals (up-trend is expected to continue).
TradingView alert conditions will be generated whenever a new false bar signal is generated.
Specifications
- Product ID: TV0007
- Study only, no source code provided
- Requires TradingView