Step-MA Filtered Stochastic [Loxx] is a stochastic indicator with step moving average filtering. This smooths the signal by filtering out noise.
What is the Stochastic Indicator? The stochastic oscillator, also known as stochastic indicator, is a popular trading indicator that is useful for predicting trend reversals. It also focuses on price momentum and can be used to identify overbought and oversold levels in shares, indices, currencies and many other investment assets.
The stochastic oscillator measures the momentum of price movements. Momentum is the rate of acceleration in price movement. The idea behind the stochastic indicator is that the momentum of an instrument’s price will often change before the price movement of the instrument actually changes direction. As a result, the indicator can be used to predict trend reversals.
The stochastic indicator can be used by experienced traders and those learning technical analysis. With the help of other technical analysis tools such as moving averages, trendlines and support and resistance levels, the stochastic oscillator can help to improve trading accuracy and identify profitable entry and exit points.
Great indicator - so appreciate the time you put in developing this and then sharing on this platform.
mjkamble05
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Nice
slowcoconut
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this boy smart
emrahdorterler
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Sorry for commenting again * but i use this indicator under 1 minute ( 10 seconds) and 55 period settings .. insanely useful for quick scalping - my goodness .. this is a gem...!
sohraabkalaam
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@emrahdorterler, i just visited this page for how to use this indicator, will you please expalin your scalping strategy, its a humble request
emrahdorterler
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thank you so much
day0
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This one sounds interesting. Thanks!
loxx
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@day0, this is actually one of the most accurate and hard hitting for mean reversion trading. what's funny, however, is that most won't pay attention to it. it's funny what folks folks will respond to when it comes to trading tools.
emrahdorterler
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@loxx, have you ever take a look VFI volume flow index (markos katsanos) or RMO ? loxxed version of VFI would be insanely useful .. a humble request :)