Here a Custom SPUD's Stochastic indicator.
Parameter :
MA Type -- type for MA
1. Simple
2, Exponential
3. Time Series
4. Triangular
5. VIDYA
6. Weighted
7. Wilder Smoothing
And can Changes the All (=19 types ) Dataseries Colours ,,,
Use 'Default setting' SPUD's Stochastic :
For this we trade on only one Chart. I recommend the 1H or H4 because we want to take advantage of the greater pip moves over time. I prefer the H1 as it fits my patience level better. I suggest starting out on the 4H because you will have more time to study the threads at close. The M30 and Shorter time frames will be hard to trade because they don't leave much time for thought.
To set this up we need a H1 chart and 18 Stochastic %K lines from 6 to 24...so 6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24 all in one indicator window. (So each stoch is 6,3,3; 7,3,3 and so on)
Colour 6 to 13 thin WHITE - these are our lower time frame Stochastcis and will be called LTFS (Lower Time Frame Stochastics).
Colour 14 thick RED - 14 plays an important role and you'll probably see why I switched to 14,3,3 after you see this. This is our Base Stochastic and is called naturally the BS line. So when it let's us done we can say, "That dang BS line messed me up!" with all honesty.
Colour 15-24 are thin DARKVIOLET lines and are called HTFS (Higher Time Frame Stochastics)
Just in case you are wondering, this is MTF Stochastics it is just not using different price charts but different stochastic periods.
