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RN Stochastic False Bar
Version 2
Description: This study project is an implementation of the "Stochastic False BAR indicator. The standard Stoch buy/sell indications come from Stoch crosses about the overbought/oversold zones 80/20. This does not work all the time and you get stuck in the OB/OS zones. So "False BAR" (Red) indicates when it is unsafe to take Stochastic cross over trades. Where the false bar does not appear (aqua), the overbought / oversold conditions of the Stochastic can be considered higher-probability reversal areas and, thus, trading opportunities. Disclaimer :- My Strategies, indicators, and services should be used as learning aids. If you decide to invest or trade real money, all trading decisions are your own. The risk of loss in trading stocks, futures, & commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Hypothetical or actual performance results have limitations as the future is never...
Description:
This study project is an implementation of the "Stochastic False BAR indicator. The standard Stoch buy/sell indications come from Stoch crosses about the overbought/oversold zones 80/20. This does not work all the time and you get stuck in the OB/OS zones. So "False BAR" (Red) indicates when it is unsafe to take Stochastic cross over trades. Where the false bar does not appear (aqua), the overbought / oversold conditions of the Stochastic can be considered higher-probability reversal areas and, thus, trading opportunities.

Disclaimer :- My Strategies, indicators, and services should be used as learning aids. If you decide to invest or trade real money, all trading decisions are your own. The risk of loss in trading stocks, futures, & commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Hypothetical or actual performance results have limitations as the future is never like the past. No representation is being made that any account will or is likely to achieve profit.
What's New
Version 2
1. Fixed the 0-5 range Cyan-Red band. 2. Alert has been added when there is a there is a First false stochastic OverBought or OverSold. Also when there is a High Probablility Overbought-OverSold Area.

Version 1
Version 2
1. Fixed the 0-5 range Cyan-Red band. 2. Alert has been added when there is a there is a First false stochastic OverBought or OverSold. Also when there is a High Probablility Overbought-OverSold Area.

Version 1
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Developer
Requirements
Tradestation 9.5 (TS95U14Krypto3031)
Asset Type
Stock, Future, Forex
Style
Swing Trading
Methodology
Counter Trend
Analysis Techniques
Applications