YouTube Video Transcript
Hey all right hey everyone this is David for big bits this video I’m just gonna do a little bit of work on some indicators I’ve been thinking about creating so first one is basically a new stochastic indicator based off of price change I’m not sure if anything like this exists already but I just kind of felt like making it and essentially what its gonna be doing is creating a stochastic indicator based entirely just on the percentage change in price and it’ll have an absolute and a fixed value option as well so gonna be a little interesting to see what kind of results it’s get it’s getting up already kind of done some of this stuff before but there’s also going to be a little bit of additional I should say there’s gonna be some additional indicators added on top of this and what I’m thinking about doing is there’s been some success I believe creating the fancy moving averages and the fancy Bollinger Band so I’m thinking and hey harsh an end nice to see you here but what I’m thinking about doing is I’m thinking about creating a fancy stochastic or maybe just a fancy oscillator and doing a weighting system and I’ve actually and by waiting I mean like a weighted average of the stochastic s– I actually kind of started on some of this code the other day and it’s turned out really well I’ve got a pretty good idea of how this is actually gonna go so essentially it’s gonna act kind of like the scoring system we did in the tutorials but instead of having the values added on top of each other we’re going to average the stochastic values together within the range so that you still have something that resembles the actual stochastic and the upper and lower boundaries still kind of mean something like the overbought and the oversold values still actually mean something when you keep them within a defined range you you can always message me if you need help on something I’m pretty busy so I don’t always have time to help everyone but if it’s a question I can answer without going into a lot of detail then that’s something I’d be glad to do all right so I’m actually going to copy all of this code and we are going to be reusing some of that in just a moment we’re gonna revert this back to just our stochastic price change [Music] oh I think I’ve got are you heard of some of this other stuff these are essentially all of your basic stochastic inputs the smooth case smooth D and the stochastic length but when I was playing around with this the price change when we’re calculating the price difference in percentage and a percentage on the current candle it varies very wildly so you have to actually smooth the K out pretty much twice to get anything reasonable and that’s the super fast smooth link here of six and what I’ve done is we calculate the percentage change from the open to the close on the candle and this can be a negative value that would be your honor rate candle the divergence indicator yeah I want to get around to those eventually I’m kind of working my way through some of the other ones but if you have any questions on it I’ve taken a look at it already or some of the other derivatives of that one but what we’re doing is we’re taking that percentage change either positive or negative then we are smoothing that out with our super fast smooth link and that’s actually going to be our K value our fast K value on the stochastic for it then we’re going to create the actual stochastic using that value so it’s actually not this the fast K excuse me this is actually kind of its own moving average it’s a moving average of the percentage change and then you take the stochastic of that moving average of the price change so it can be a little bit confusing but if you think you know you have a range of 1% on some of the smaller candles even you know 0.5% on some of these candles and I must flush to the daily chart if you have like a 0.5% on some of these smaller ones and you have like this one was like 50% they said so if you have like a 50% difference here that’s gonna be weighted a lot heavier so we do the moving average to kind of balance things out so it’s not super fast and of course we do the stochastic this is the same calculation you would use for like a stochastic RSI where you pass in the same value that for the first three and you put in your stochastic lengths there and this is no longer relevant so this is actually going to be an SMA of the stochastic PC for a lengths of actually that should be actually that is this one so we need to actually remove this take this and move it here we’ve already used our first smoothing to get the smooth percentage change then we take the smooth percentage change to get this stochastic of it and we smooth that with a smooth K value to get the actual K value we’re going to use and we smooth that again to get the D value and this is essentially the exact same thing as these stochastic values that are in the actual stochastic calculation so let’s save that change hopefully there weren’t any errors and then we’re not so you can see there might be some correlation here there was a lot of volatility here with price change and because of that because of the volatility the price change is essentially volatility within the open to close so if the full body the full candle body not the wicks is volatile then the values are going to swing greatly with a stochastic with price change and I have these default values in here but let’s switch those back to actual pretty normal values for a stochastic and see what the difference is those were just kind of me playing around with those I thought I hit save oh yeah just took a while to calculate okay so here what’s happening is these values are going really fast and your volatility as you can see here there’s a lot of green volatility so that brings that stochastic value up quickly on the positive range where as when we had these huge red candles it brought the volatility down very low on the negative side of the range and there are negative numbers with the price change so it brought that down really quickly but thanks to the green candles kind of overshadowing that it came back up relatively quickly you see there might be a little bit of correlation here between actual price movements and the price change and I believe there might be some use for this when you look at it really creating these indicators to me is more about we’re like a scientific way to approach things and not that this is incredibly truly scientific but just taking that kind of approach coming up with a hypothesis going through and looking at the data and see if it mattered I was kind of hoping to see that if the price change and percentage was if it continued to increase and it got to a high level if that would affect stochastic values and I wanted to look at stochastic because I wanted to look at it within a range of itself so let’s go ahead and actually lower the super smooth and you can see this is the actual K value of one so if we didn’t do anything this would only smooth the stochastic value of K three times and it’s very choppy that’s why we have the super fast smooth length and you know maybe keeping it lower than six it’s a good idea but when you saw the drop here and you saw the cross back over that seemed pretty good there was a cross down here and that one seemed pretty good crossed down that one didn’t work out but it formed a divergence so it could possibly be useful this one didn’t really work out too well I’m not sure exactly why I’d have to look at the range within the history of this casting there but you can also play around with the length of the range backwards by using the stochastic length so maybe using something like eight would do better okay doesn’t really help a whole lot there but that’s mostly because the volatility is very small here so it plays on volatility and it also plays on the strength of the move and I guess that’s kind of with volatility is so I kind of must have forgot what I was talking about there anyway it does create these nice kind of stochastic waves and it does kind of align with the price in many areas and just like stochastic RSI or stochastic just a regular stochastic or any other stochastic indicators they don’t always align with other indicators so what I wanted to do was compile these indicators together and create sort of a a weighted stochastic and that’s what I’m gonna be doing next is I’m going to be taking this stochastic value and I’m going to be taking the actual stochastic value of the regular stochastic calculation I want to be averaging that in with this blue line the K and then we can also do stochastic RSI and any other types of task calculations and we can weight these together so that you get the view of all of the stochastic values at once it’s kind of a way of merging those indicators into just one and keeping them range-bound and since this is an oscillator arranged bound between zero to 100 I suppose we could probably put any indicator on with this to kind of make it a line with what we’ve got there so I’m going to go ahead and change the default values I kind of like these at 8:00 before and I think I’m actually just gonna go ahead and publish this it doesn’t really have to be very long code to be an interesting indicator it just kind of needs to be somewhat useful and perhaps different so we’re gonna save this we’ve got it tied a little bit different let me pull up some other code because I want to copy some of the notes that I have in those my scripts and really that’s all I want to copy out of that you alright looks like in just a minute but I’m gonna go through here and just publish this you you I just now realized I forgot to update the date on the stream title whoops areum fix that this will be open this will be an oscillator this will be a stochastic oscillator so just looking at this that gives us a pretty good idea of what type of oscillators we can add and wait in on a single oscillator so that’s pretty good we’ll do volatility just a cast against casts now that should be good enough now I actually have to go to my profile to copy some of this stuff from the other scripts just to make sure I have enough information on here you you you you you you you you you you you you all right so I think that’s good I’m gonna go ahead and publish this see how it looks that looks really good okay so we’re actually gonna be using that script to kind of jump off for the other script that we’re gonna be creating which is gonna be that kind of weighted stochastic I was just gonna be pretty cool I had a kick to share that good so that it is publicly visible I’ll go ahead and share that and I found a typo so that’s good I can still edit it within this time frame you you all right so I just posted that on Twitter and harsh if you are still on here I will take a look at that indicator now now that we’ve got this one published I can kind of switch over and look at something else so I’m going to go ahead and remove that one I can always add that back now that it’s published built in divergence indicator what are our settings here the resolution of course this isn’t RSI divergence indicator interest and these divergence indicators can repaint for the most part so you’ve been in mind you should be able to actually see the source code yep since it’s a built-in you can actually look at the source code on these I’m not sure if you’re still there but see I want to make an indicator like that so I would assume you’re probably wanting to use something other than RSI to calculate your divergences but I will go ahead and let you know there are plenty of other indicators that use I create other divergences unless you’re wanting to change some of the core functionality of how it actually works or calculates the divergences what I like to use is a favorite of this one it’s the divergence from any indicator so it actually shows up as an overlay on your chart let’s reduce that down there you actually see it found some divergences but like I mentioned this does repaint so even though it’s finding these divergences and it’s showing you that it found the diversions at the bottom here it actually would have painted a line here here here here and so forth and it might have even painted a line here hey yeah it probably would have painted a line there well depends on which indicator it actually used to do the divergence I’m kind of looking down here at RSI it isn’t a virgin stare on RSI but it is on another indicator I’m gonna pull up the settings for this one it has a list of all the indicators you can check for a divergence for it’s actually really handy to find these things let’s actually go ahead take a look at the SPX because that one’s gonna be really interesting because there’s a lot of action going on right now as you can see there’s two divergences going on now I have a feeling we might get another divergence and then that would be the actual top at least that’s kind of what I’m guessing I’ve put that on some of my other charts as an actual idea of what’s going to actually occur but you can see here that one plate out is a really good top because you had five different divergences here I see you had 11 back here so it’s pretty good bottom so with all of the different indicators you can perhaps find better bottoms and tops if you find more divergences so that’s why I like this particular indicator I don’t use it all the time mainly because I like the method that I use and sticking it works good for me plus like I said it repaints so even if you did use this particular indicator you would have to focus on timing a good entry or exit on your position based on how many divergence or divergences are painted and win so you probably would have had a divergence many times over through here or here and you know would you have entered in on the first divergence here and hit your stop-loss up here and then you know watched her short that you would have had just do really really well so it’s a it’s kind of a timing issue when you’re looking at divergences I think this is definitely one of the better indicators I’ve seen on trading view I really enjoy it I don’t even know who makes it we pull it up this one is made by lonesome lonesome to blue a lot of likes and a lot of followers a lot of scripts so this is a similar account to bond doesn’t have very many ideas but lots of scripts so definitely a really good PI encoder here those are his ideas whoops all right so these are his scripts a lot of really interesting stuff here a lot of stuff that I don’t really get into right now such as pivot points plotting different levels similar to Fibonacci levels basically trying to find support resistance see let’s leave this one indicators all in one how many did he really fit okay so he probably used this one as a very good way to start his divergence indicator if it wasn’t already out before then and this is similar to what I’m gonna do with the stochastic except instead of switching between indicators and plotting that on the chart we’re actually going to add them together and weight them together so that when you look at the stochastic it looks like a regular stochastic it doesn’t have a bunch of lines plotted it one over the other and you hopefully get a better idea of what’s actually going on let me see how long I’ve been going for here about 38 minutes I’ve got a little bit longer I’m not really sure what I want to get into just yet I probably want to start on my code on my weighted stochastic and just kind of give you an idea of how it’s actually gonna work so let me pull up our indicator we just created the stochastic PC we are going to save this as what was called stochastic weights for now I’m sure I can think of a better name eventually all right now you pull up that script on the other window here so I did some of the work and I’m gonna copy some of it over but what we’re gonna do now you’re going to kind of change how things are done and the K and the D are still gonna be their own values all this stuff down here is gonna be the same except our K and RD are gonna be calculated using weighted totals and weights now instead of just an actual straight-up stochastic calculation so we’re gonna do all of our stochastic calculations then we’re gonna weight them evenly and perhaps that’s something we can add on later is hey and uneven weighted so you can weight these circus cars out more perhaps that’s something we can do but for now I’m going to focus on evenly weighted stochastic model here don’t take stochastic stochastic RSI and our stochastic PC which we just did which is going to be the default and we’re gonna go ahead and work with that so I need to declare a couple more variables here so we’re gonna start out with zero weights and zero total we’re gonna rename some of these indicators are these excuse me some of these variables so that we can keep up what’s going on so we’re gonna call the first one a navel stitch PC I’m gonna have it on by default we are going to leave all of those values the same but we’re going to rename the variables to include Stoke PC so that we know that that’s what we’re working with all right so we now know that that one is enabled and we have to calculate this is a little bit different here so if our enables stochastic PC is on and when we do these calculations except now we need to declare these variables before we actually start this so that’ll take just a moment and we need to go back in here and we to add the colons in so that we can reassign the variable values that’s very important to do and since it’s enabled we also have to update our weights and our weighted total so we will have our weights assigned to now weights plus one and I need to fix the typo there and we need to do our weighted total is now assigned to the previous weighted total plus the stochastic PC that we are using so let me save this and see if we’ve got any error messages yes we do that is because of down here that one and the D that is the issue the smooth D is not going to be a part of just the stochastic PC calculation it’s gonna kind of be its own so I’ll move that one down at the end there’s probably some other issues here super fast smooth lengths I’ve got to add the Stoke PC references on to the variables that it uses leave that’s it yes you only let the stitch PC smooth Stokes bck I think that might be it see where that got us you okay so Darren you had a question on the fancy moving averages indicator are we able to sit and alert when prices move above and below the particular moving average hope this makes sense yes that makes perfect sense I believe you should be able to I can go ahead and add it to the chart and we can take a look at that right now fancy and triple moving averages I believe I have the alert condition set to where we can do that when I add that to the chart so I don’t forget to go back so let’s go to creating an alert pull it over here so you can see for sure choose fancy triple moving average and yeah so what you would do is you would choose clothes cross over cross under and that will tell you when the price crosses over that particular moving average so ma 2 which is the yellow one by default you would use 10 and I believe 9 down here they’re kind of out of order I probably need to change the alert conditions but yeah that’s all you have to do to set an alert is you have to first set your condition to use the indicator then you can select the actual condition that I’ve set up within that indicator which like I said if you wanted to check when the price crosses over ma 1 you would come down here to number 7 you would choose closed cross over MA so that’s your MA one your green ma select that and then all of your other settings that you would like to use and that’s how you would do that the moving average is indicator and it might or might not be the case on the single fancy moving average that those alert conditions are in there so I’d probably just recommend using the fancy triple moving averages anyway if you aren’t already you can always disable the second and third moving averages I think you can actually disable all three of them honestly there’s an enable moving average setting on there that you can use okay so kind of back to these stochastic calculations that we’re doing here and we zoom in so it doesn’t look so ridiculous okay you can see there’s actually a divergence here on this particular indicator so we’ll see how that plays out on the X px on the daily and we did look at this earlier and there were some divergences that actually played out and you can see there was one back here but you know it’s kind of weird because you had the bottom here and it’s near the bottom so I wouldn’t even have bothered with that one okay so let’s pull up the cassock P see that we just did and compare the values I look at that so it’s exactly what we would have expected we’ve copied our code over and now we’ve kind of reworked it to where now with the weighted model we can add multiple stochastic calculations this is gonna get really interesting really quickly because we can add in stochastic calculations on top of this really quickly and it’s gonna be really neat so let’s close out of the stochastic PC we know that that one is calculating correctly take a look at your settings you can see let’s disable that so now it’s not plotting anything because it doesn’t have any values I think that probably needs to change to do what they do here show just the range honestly that’s fine it doesn’t really need to plot anything so that’s entirely fine I think this bullet source coming back up alright so here’s our first to cast a calculation where we added one to our weights and to the weighted total we add the stochastic value which is the K value of that particular stochastic so now we’re going to do another stochastic we’re going to be able to add the two together so I’m gonna do the regular stochastic calculation so that we can actually add the regular stochastic in here and now there’s other stochastic calculations that I can add and we’ll get into those a little bit later but let’s just start with the basic stochastic calculation and first thing we’re gonna do so we’re gonna copy these variables and basically going to create a new group for them and instead of saying stochastic PC we’re just gonna use regular stochastic and later we’re gonna have to come in here and we’re have to add titles to these inputs so it makes a little bit more sense but for now this will work completely fine and we’ll want to change these to our default values that you would expect to see so you’d expect to see 14 and 3 and just remember we’re not doing the D value here yet because the de is calculated down here with the weighted K value so the D doesn’t really matter on each stochastic calculation we’re really just worried about the K we’re gonna average the K out with the weighted average then we are going to smooth that out like you would regularly with a single stochastic calculation to get the D value so I think it’s pretty clever hopefully it’ll actually work out or correctly now all right so we’ve got those excellent and now we need to look at that code so let me just save that hopefully produce any errors good now let’s take a look at the stochastic source code itself which I believe you should be able to access because it’s a built-in indicator add it to the chart nope so you can actually get to this by going to new on the pine editor and it’s actually a template there you go so now we’ve got our stochastic calculation you can see all this stuff that we have from our other script here all I really care about though is this particular line we don’t have to do a lot of other fancy calculations here to get our value but I’m gonna go ahead and paste that in there I know it’ll throw an error if it actually works but that’s okay so we are going to do a variable for the K value because that’s all there really is the stochastic it’s gonna be zero then we’re going to check to see if the stochastic is enabled if it is then we will want to do our stochastic calculation so I can remove that we will assign the stochastic now to that calculation and make sure we’re using this right it’s the smooth stochastic K is this one and the other one which is the length of the stochastic is the other one you’ll notice it’s actually within the stochastic calculation itself so you can actually use that to help remind you where it’s actually for when you’re working with the different ones you need to come up with kind of a naming convention for your variables so you can kind of keep up that’s actually going on now we’ve got our stochastic we don’t need to do anything else we didn’t have to smooth anything out first it’s already smooth within this one line using the SMA of the stochastic so now we just need to copy this little bit of code I’m sorry ready for me so now it’s weighted twice so let’s save this and it should work ah there we go so let me go ahead and change this around let’s disable the stochastic just do anything okay now I gotta find out what’s wrong this is always something fun so what we’re gonna do to troubleshoot is we are going to plot the value of the weighted total here and it’s actually plotted again I think this will work I can’t remember if it’ll let you do it like this but we will find out very quickly yeah worked so that was ninety six point three that makes perfect sense so it is doing what we would expect here I’ll make sure it’s not actually doubling that’s what it’s doing uh here we go that’s the issue right here I added these those PC so we can get rid of that code that we use the troubleshoot save it there we go that makes a little bit more sense so let’s actually add the regular stochastic and the stochastic PC and we can actually enable and disable the other ones and we should get the same values as the built-in and the custom one that I created so let’s cast it go to my scripts and we’ll add in stochastic PC minimize that so we can’t see what’s going on so let’s get this to match the stochastic and then we’ll delete this off the chart let’s remove the stochastic PC from there ah you can see we are now plotting the actual stochastic value and let’s enable Stoke PC but you’ll notice it doesn’t match the stochastic PC either so it’s combining these blue lines it’s getting the average of those blue lines is what it’s doing it’s pretty interesting concept here we’re taking this Kasich’s we’re averaging the stochastics together then we’re smoothing them out up here so let’s go ahead and remove the stochastic and you can see now it matches the stochastic PC because that’s the only one enabled and we have both enabled it does that it combines them which is kind of interesting I think so let’s see we’ve got that this is actually working so now we can add in the stochastic RSI which this is going to be the last one I do for the video and we’ll kind of expand upon this a little bit later when I publish this publicly so let’s pull the code back up here I’ve already done this one don’t want the RSI smooth we want to use the chance the regular stochastic RSI calculation nothing special here and I want to rename these variables to Stowe char s I so everything’s smooth everything goes smoothly I should say smooth stowed char sik the length of the stitch artists okay we don’t need the SRS we’ve already do that you bad that working together so now we just need to create our variables and make sure all the names are the same just copy it there enable still Chara sigh the smooth Stoke are sik and the length of the Stoke RSI and then it needs another variable which is the RS high length the Stoke so this is used to calculate the RSI value that is used within they stochastic calculation for it so this is usually by default of 14 as well there we go we’ve got that I believe we are once again ready of course RSI waited I didn’t change that variable so that’s the issue hopefully changing this one will take care of it there we go now we have three different oscillators combined we have the stochastic the stochastic RSI and the stochastic PC which is something we kind of created on our own and it’s pretty interesting to see how these kind of work together let’s see there was a clear diversions and it continued into diverged again we might even have a divergence there if you change some settings around but let’s go ahead and take a look and make sure that we got this stochastic RSI correct in here whoops wrong one you go to the built-ins prettiest built-in yes casick RSI so now all we should have to do is actually go to our settings and disable all of them but the stochastic RSI there you go it actually matches so if we wanted to combine just six stochastic and lis stochastic RSI we would just check both of those so now you can see the stochastic combined with the stochastic RSI will give you this chart or this particular indicator which is kind of interesting you there’s a lot of really good stuff here they’re very similar in fact are the exact same no okay I very similar or stochastic RSI moves quicker just change this back to Bitcoin so it doesn’t really give you any different picture for the most part that’s why I wanted to add other stochastic cousin here such as these stochastic PC we were talking about this kind of paints a pretty different picture than the other two combined and we can find the stochastic PC with the stochastic RSI with the regular stochastic and it found a pretty good bottom here and want to found the crossover it might not have been a bad time to look for an entry and the same thing goes here although you know that one would not have been very long betrayed this one probably wasn’t so good so maybe if we add even more stochastic calculations or more oscillators maybe we can just do the RSI and see how that works so it was actually gonna be really simple to do so why don’t I actually do that one so I want to rename this variable because I probably want to use this for the actual RSI calculation I probably also want to mention that it’s in the stochastic RSI not the RSI itself okay so now we can just kind of copy this it’s very similar although we aren’t smoothing anything since RSI is range-bound between zero to 100 this works out completely fine don’t need a stochastic all we are doing is calculating the RSI so they called Horace at length get rid of that I don’t need that that we can set everything to RSI in our weights now we need to add two variables or two inputs I should say for enabling the RSI given the RSI at length I’ll use this one because it’s only got three table the RSI and are assigned under and we’ll change the default to 14 because that is the default in RSI calculations so now we’ve added another weighted value of 0 to 100 so let’s see how this sexually does of course that’s the only one yeah okay so now we’ve added the RSI into this and it’s weighted into the calculation as well now so now we have combined for different oscillators into one and it’s pretty interesting you can see kind of divergence there kind of hang out at the top although it’s kind of hard to find much with the price action anymore over the last few weeks two months let’s take this down to smaller resolutions look at for our hey I wouldn’t even look at this period of time so it’s not doing too bad because we’re combining the difference two castings together it’s pretty similar but we can always change this setting so let’s change our RSI setting itself you know 14 the RSI moves somewhat slow let’s lower the RSI length down to like seven okay so it didn’t make much of a difference let’s go back and let’s make sure our RSI is actually working correctly it appears to be still check and add natural RSI indicator on here relative strength you so yes those are the same values the the blue line on the stochastic weights matches the purple line there so yeah we do have the correct value let’s lower this down I want something that’s going to create more extreme values I don’t think that’s a good one idea let’s use five that’s probably good enough whoops then let’s add in the stochastic RSI so now you’ve got RSI weighted with stochastic RSI and let’s add in the regular stochastic you see these things are starting to smooth out a little bit more and the stochastic price change and that really kind of changed it even more all right so I’ve created our own indicator now and you can kind of look at this and you might want to be able to try to find patterns here so you might want to try to change your range boundaries so these are all default settings other than the five let’s just change that back to 14 and this is a 4-hour chart you can notice it goes in and out of our range quite a bit let’s actually go to our source code and change our range that we can change this to and to an input to where we can have those change variably later on so that 285 and 15 now so now it’s a little bit more selective on what’s over BOTS and what’s oversold zoom in a little bit see if it’s a little bit better I did a pretty good job here then a pretty good job there not so great there not so great there but that’s why you got to combine these with other ones and you can see the price hasn’t really been very good to trade there recently on the 4-hour chart that never went overbought or oversold that’s good time that bottom perfectly for when it entered the over sold this one did pretty well so yeah maybe there is some value to this trying to combine these different stochastics together now of course this didn’t do too well but I don’t think anybody would have done too well then and although it did do a pretty good job on the huge dip that it found the divergence there so it’s not too bad might be some merit to actually using this for actual trading at some point I think there’s anything else I can add to this stochastic I’ve got a little bit of time left not very much let’s see where was it it’s fine another oscillator I want something between zero to 100 is the ultimate oscillator that way I can’t remember I think so yeah I’m pretty sure it is well add the ultimate oscillator in here let’s go to source we’re not gonna actually change anything now see if they have the ultimate oscillator in here they do so what so yeah there’s a lot to that calculation maybe we’ll find something isn’t quite as complicated so that I can do it on streem oh it might take a little while to figure out how to actually add in there so let’s see we’ve got it easier oscillator awesome oscillator there’s no way that that’s actually oscillating between zero to 100 is it it’s been so long since I’ve used it nope I don’t think so if anyone had any suggestions are more than open to take them shy kin this one might be nope I forgot that’s like a cumulative value ideal what that one is come on I want something poly oxalate nope give me just a moment let’s see if I can find something here you pala neither I was thinking it was something else by the way thank you all for stuff back check out the stream okay like you might have one to look at change I want a range found oscillator I’m thinking my thigh is all right well I can’t find anything good right now I’ll have to search around and see if there’s anything worth actually using I can add in a volume stochastic volume which I did I was actually gonna make that one of them I can actually go ahead and add that one in really quick that shouldn’t take very long I’ve already got the code for it over here just a moment this one is very similar the stochastic PC this is taking a stochastic of the volume the change in volume similar to our stochastic our stochastic PC excuse me so I need to rename some of these variables Stovall actually paulien stitch this one also was gonna have the super fast smooth length mainly because it’s very very huge changes because it can be a negative or a positive value if you have one green candle that’s huge followed by a huge red candle it’s a very huge range between one or the other so let’s see volume delete the stitch fall smooth still fall kay I think we’re good for now copy these settings down here you you leave those settings the same soge PC and we’ll take a look at those on their own in just a moment we’ll try this out and see where we’re at oh it worked wonderful alright so this is the stochastic of volume change so that stochastic isn’t really too good I want one that actually oscillates quite a bit so we’ll just have to change the settings around that’s not doing too much I wonder why ah I wonder it’s not doing anything I did the wrong thing this needs to be at calculated stochastic on the smooth stochastic calculations that we’ve already done so we smoothed it once that’s probably why I wasn’t looking too good you’re on trading goo at the moment how do you access pond scripting language manual looked everywhere I usually just google it and find it that way let me actually do that so yeah I just googled it on my other screen and it should be this one don’t click on the pine script for user manual it looks a little bit different make sure you click on this one because this one has the nice search feature I think it looks better than the other one they’re pretty much the same thing but they’re both useful this one’s better but keep in mind you can also when you’re hovering over these things you can actually hold down the control key and click and it brings up a pop-up the same stuff so a lot of the documentation is actually in this here do when you control click I don’t think there’s anything that’s missing because it says it’s the language reference manual I prefer having it on another tab that way I can go back and forth easier I don’t like the control click unless I’m on one screen okay we save those changes let’s go back and take a look now and our stochastic on our volume there we go yeah that’s a lot better but we still need this to oscillate more and I’ve played around with this before I think six worked out the best but it’s too much there now notice I think this is fun because we’re gonna be combining it with other ones so let’s go ahead and check this oh that’s actually wood this guess what the RSI so it might not actually be the best you [Music] you I like these settings when I have these into the default fourteen or three fourteen six those okay so this has everything enabled right now and this is the four hour chart we’ve got pretty selective overbought and oversold I think it works really well you they wanted to change those overbought and oversold back if we’re gonna keep them the levels that they’re at with a default then you would kind of trade it as if you’re doing a stochastic look for momentum to come back in like it would have there but that was turn a downtrend see the poor ter-bear good work there right there and I’m gonna work eventually so it’s interesting that’s uh five different range bound oscillators that we’ve added into one indicator it’s really cool that and you can look at the daily when you’re on the 4-hour chart that’s kind of cool all right I am gonna call the stream now thank all of you all who stopped by for watching it’s really nice having a few you all ask questions if you haven’t already please like the video that helps a lot and of course subscribe that’s also great if you’re kind of new here or if you’ve been around awhile please subscribe if you haven’t already it helps out a whole lot but that is it for now I definitely appreciate all of you all who came by means a whole lot but yeah have a great day everyone
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We are going to be creating some trading indicators and taking a live look at some crypto market TA, and perhaps some more traditional markets. Going to share a few minor updates on Trade Alert Responder, and discuss some of the recent updates from TradingView.
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This channel focuses on Bitcoin, Ethereum, LiteCoin, Ripple, Link, Basic Attention Token and almost all cryptocurrencies that demand attention. Please like the video if you liked the video, and subscribe if you like these types of videos. David from BigBits is an experienced Software Engineer, but no one is perfect, If you find any issues with any of the open-source, free code, or code shown in videos please comment to let us know what to fix, we listen to our viewers!