Stochastic indicator with Bollinger bands applied to it.
- Stochastic parameters included to change.
- bollinger bands parameters included to change.
Stochastic Bands Formula
Default Stochastic indicator but with bollinger bands indicator applied to Stochastic main line instead of apply it to price.
How to Trade Stochatic Bands
You can use this indicator as Osciallator indicator to determine overbought and oversold areas, for example if Stochastic line goes below lower band it's a sign for oversold and if line goes above upper band it's a sign for overbought.
Stochastic Bands indicator has some parameters so you can adjust it according to your needs, I'll explain it in details.
%K period, %D period, Slowing, MA method, Price field
Stochastic indicator parameters.
Bands Period, Bands Deviation, Bands Shift
Bollinger bands indicator parameters.
Version 1.0 17.11.2019
- First initial version