Vitali Apirine’s articles in the Sep issues on 2018,“Weekly & Daily Stochastics”
Function
In “Weekly & Daily Stochastics” in this issue, author Vitali Apirine introduces a novel approach to using the classic stochastic indicator in a way that simulates calculations based on different timeframes while using just a daily interval chart. He describes a number of ways to use this new indicator that allows traders to detect the state of longer-term trends while looking for entry points and reversals. Here, I am providing the TradingView pine code for an indicator based on the author’s ideas.
Here's the code :
//@version=3
//Author: Vitali Apirine
//Coded by: Twitter @borserman
study(title="Weekly & Daily Stochastics", shorttitle="WDSTOS")
Periods = input(14, minval=1, maxval=30, title="Short Period")
Periods1 = input(3, minval=1, maxval=10, title="Short Period SMA")
Pds = input(70, minval=1, maxval=200, title="Long Period")
Pds1 = input(3, minval=1, maxval=10, title="Long Period SMA")
StocD=(close-lowest(low,Periods))/(highest(high,Periods)-lowest(low,Periods))*100
SD=sma(StocD,Periods1)
StocW=(close-lowest(low,Pds))/(highest(high,Pds)-lowest(low,Pds))*100
SW=sma(StocW,Pds1)
plot(80, style=line, color=red)
plot(20, style=line, color=green)
plot(SW, title="Weekly STOS", color=blue, linewidth=2)
plot(SD, title="Daily STOS", color=red, linewidth=1)