kvak wrote: Sat Oct 16, 2021 10:02 am Hi.
First is composite RSI. Updated it also with full price options and auto higher timeframe.

wtrader13 wrote: Sun Oct 17, 2021 12:51 pm Dear mrtools -

Would you please consider upgrading the attached indicator with your full MTF options (including 1st, 2nd, 3d higher timeframes).

Thank you very much.

sal wrote: Sun Oct 17, 2021 4:48 pm mr.tools
can you please make histogram zero level ...!

mrtools wrote: Mon Oct 18, 2021 7:10 am Made a histogram version.

kvak wrote: Fri Oct 15, 2021 6:49 pm Hi Mrtools.
It's not nice button as this, but it doesn't have bug when you change timeframe it doesn't jump from off to on and in MTF holds the changed x,y position.
Have a nice weekend

The premier stochastic oscillator (PSO) is a technical indicator based on the stochastic oscillator.
The PSO differs in that it is normalized to register neutral values at zero, resulting in greater sensitivity to recent, short-term price moves.

Additionally, the PSO is calculated using a double exponential moving average that creates a smoother and more even response to market changes.

History of the PSO
The PSO was first introduced by technical analyst Lee Leibfarth in the August 2008 issue of the journal Technical Analysis of Stocks & Commodities. Stochastic oscillators have long been used to help traders and investors identify areas where trend changes are likely. Leibfarth developed the PSO to take advantage of a standard stochastic oscillator's strengths while enhancing it to become more reactive to market activity. The result is a faster indicator that provides earlier signals for potential trend changes.

Calculating the PSO
Before looking into the calculations of the PSO, it is helpful to understand the logic behind a standard stochastic oscillator. The classic stochastic oscillator measures price momentum by comparing a trading instrument's current price to a price range specified in a lookback period (the number of periods from which price data are collected). For example, if the range is between $60 and $70 and the current price is $67.50, then the price is at 75% of the range.

The goal of a stochastic oscillator is to figure out where price has been and anticipate where price is headed. This is achieved by determining if price bars are closing close to their highs or lows. When prices are closing nearer to bar highs, it is indicative of an uptrending market. Conversely, when prices are closing nearer to bar lows, it signifies a downtrending market. The basic calculation for the main value of a standard stochastic oscillator (%K) is:

The premier stochastic oscillator normalizes the standard stochastic oscillator by applying a five-period double exponential smoothing average of the %K value, resulting in a symmetric scale of 1 to -1. The PSO calculation, then, is:

Hello, i found something that could be interesting and it would be nice if you could make an arrow to it. I saw that sometimes the line is blue in oversold or overbought and that situation is very accurate to reverse. Could you make an arrow when this stochastic is in os or ob zone and the line is blue?

sal wrote: Tue Nov 02, 2021 3:35 am mr.tools/experts
stoch indicator
period 5/7/7
period 14/7/7
period 21/7/7
possible to add stoch lines with different periods (see snap)