// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN( "Stoch KD Cloud" ); /* Stochastic is an oscillator that measures the position of a stock OR security compared with its recent trading range indicating overbought OR oversold conditions. It displays current Day price at a percentage relative to the security’s trading range (High/Low) over the specified period of time. In a Slow Stochastic, the highs AND lows are averaged over a slowing period. The default is usually 3 for slow AND 1 (no slowing) for fast. The line can then be smoothed using an exponential moving average, Weighted, OR simple moving average %D. Confirming Buy/Sell signals can be read at intersections of the %D with the %K as well. The Stochastic Oscillator always ranges between 0% AND 100%. A reading of 0% shows that the security’s Close was the Lowest price that the security has traded during the preceding x-time periods. A reading of 100% shows that the security’s Close was the Highest price that the security has traded during the preceding x-time periods. When the closing price is near the top of the recent trading range (above 80%), the security is in an overbought condition AND may Signal for a possible correction. Oversold condition exists at a point below %20. Prices Close near the top of the range during uptrends AND near the bottom of the range during downtrends. Source: Amibroker 5.20 Help Menu BUY = When the Stochastic is below the 20 oversold line AND the %K line crosses over the %D line. SELL = When the Stochastic is above the 80 overbought line AND the %K line crosses below the %D line. */ periods = Param( "Periods", 15, 1, 200, 1 ); Ksmooth = Param( "%K Avg", 3, 1, 200, 1 ); a = StochK( periods , Ksmooth); Plot( a, _DEFAULT_NAME(), ParamColor( "Color", colorBrightGreen ), ParamStyle("Style") ); Dsmooth = Param( "%D Avg", 3, 1, 200, 1 ); b = StochD( periods , Ksmooth, DSmooth ); Plot( b, _DEFAULT_NAME(), ParamColor( "Color", colorRed ), ParamStyle("Style") ); PlotOHLC( a,a,b,a,"", IIf(a>b, colorBrightGreen, colorRed), styleCloud); Overbought= 80; Oversold= 20; Plot(Overbought,"OB",colorRed); Plot(Oversold,"OS",colorGreen); Buy = Cross( a, b ); Sell = Cross( b, a ); PlotShapes( shapeSmallUpTriangle * Buy + shapeSmallDownTriangle * Sell, IIf( Buy, colorWhite, colorWhite ) ); _SECTION_END(); _SECTION_BEGIN("Animated_BackGround_"); // http://amibrokertraders.blogspot.com // //==================== for( i = 1; i < BarCount; i++ ) z = (GetPerformanceCounter()/100)%256; anim=ColorHSB( ( i + z ) % 256, 255, 100 ); SetChartBkColor(anim); RequestTimedRefresh(1); //==================== _SECTION_END();