Japanese version of RCI.

Banzai wrote: Fri Jan 31, 2020 1:01 am Japanese version of RCI.

Super! I really love your Japanese indicators. They're very neat.

You're very resourceful and always posting amazing content. Thanks Banzai

It's not easy to read Spud Stochastic Threads.
Here's an indicator to help us.

Banzai wrote: Thu Jan 30, 2020 7:35 am


OK, I did some digging and in 2006, Robert Hill made two Stochastic Crossover indicators:
Stochastic_Cross_Alert_Normal.mq4
Stochastic_Cross_Alert_Except.mq4

and he created a Stochastic Guppy consisting of



In 2017, Kotaro Hashimoto made a Stochastic EA based on Robert Hill's Stochastic Crossover indicator.
He modified the Stoch Guppy to



In the same year, a trader goes by the name tensoko added the Moving Average Ribbons and RCI Guppy to the Stochastic Guppy and made a trading strategy.

I could be wrong. Anyone can edit the source code and never add their name so I thought it was Robert Hill all along.

Here are the templates, pdf, and indicators:

It's not easy to read tensoko Stochastic Threads.
Here's an indicator to help us.

Edited:
Please download new versions below. Thank you.

Banzai wrote: Fri Jan 31, 2020 9:26 am

It's not easy to read tensoko Stochastic Threads.
Here's an indicator to help us.

It's not easy to read tensoko RCI Threads.
Here's an indicator to help us.

4 Time Frame RCI slope
RCI = Rank Correlation Index aka Spearman Rank Correlation
Most traders use RCI(9), RCI(26), and RCI(52)
It is smoother than the Stochastic.

The Spearman Rank Correlation indicator for MetaTrader 4 was initially implemented from the field of statistics.

In 1904, Charles Spearman was able to design a statistical gauge for the strength of association between two variables, which obviously became the basis of the rank correlation coefficient, and was named after its creator (Spearman’s rank correlation coefficient).

The variable that is used in the calculation is the date, not the price, meaning prices are reflected in relation with their appearance during the session under watch, thereby accumulating a link between these two variables.

The SpearmanRankCorrelation indicator fluctuate above and below the zero signal level.

When the SpearmanRankCorrelation indicator is positive, it indicates a positive relationship between surging price and date.

Howbeit, if the SpearmanRankCorrelation indicator is negative, it indicates a dipping price while the date continues to surge (since it is impossible to find declining dates).

This presents an extreme negative relationship. Interpreting the SpearmanRankCorrelation indicator is similar to those of other oscillators.

Hence, if the line of the SpearmanRankCorrelation indicator breaks above the zero line, a buy is considered, while a sell is in place when the line of the SpearmanRankCorrelation indicator breaks below the zero line.
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What is slope?
Supposed the value of the current candle is 10 and the value of the previous candle is 5,
then it's an uptrend. The indicator will draw a green dot.

On the other hand, for MACD, if the value is over zero, then it's an uptrend and anything below zero is a downtrend.
So for MACD, we check for level 0, the median or middle level.
For this indicator, we check for the slope of going uphill or going downtrend.

In an uptrend, it's too confusing to see red arrows.
Here are some templates to let us see one direction trend arrows only.

Stoch (4,3,1) is very close to ZeroLag Stoch (5,3,3).

Spuds Stochastic Thread Theory was made in 2007.
Finally, we get to see the whole picture.

I give you a bunch of 1x, 2x, all the way to 8x Stochastic.

So how do you make a Stochastic trading strategy?

Supposed you want to use the fast Stoch M5 (5,3,3) as a signal
and the slow Stoch H1 (14,3,3) as a trend line
Here's a template.

If the trend is going uphill, look for green arrows.
vice versa for downhill
If the trend is going downhill, look for red arrows.