Theory:
Stochastic oscillator is usually used on prices. But sometimes that produces much noise. Some filtering methods can be used (like this: Stochastic of Filtered Price).
This version:
This version adds an option to use averages for that purpose instead. The averages types that can be used:
- simple moving average(SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
Usage:
You can use the color change or some custom level crosses as signals.