Indicator Stochastic Overlay displays the chart as colored candles in accordance with the data of oscillator Stochastic.

It has eight adjustable parameters:

  • Data Stochastic Compare mode - Stochastic data comparison mode

  • Stochastic's main and signal lines - Stochastic main line and signal line

  • Stochastic vs level 50 - Stochastic line as referred to level 50

  • Current and previous stochastic values - comparing the current and previous values of the Stochastic line

  • Stochastic vs OB/OS levels - Stochastic line as referred to the overbought/oversold levels

  • Stochastic %K period - Stochastic %K line calculation period

  • Stochastic %D period - Stochastic %D line calculation period

  • Stochastic slowing - Stochastic slowing calculation period

  • Stochastic price field - Stochastic calculation prices

  • Stochastic method - Stochastic calculation method

  • Stochastic overbought - Stochastic overbought level

  • Stochastic oversold -  Stochastic oversold level

Stochastic's main and signal lines:

  • If the main line of Stochastic is above the signal line,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the main line of Stochastic is below the signal line,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

  • In all other cases, the candle is gray

Stochastic vs level 50:

  • If the line of Stochastic is above level 50,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the line of Stochastic is below level 50,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

  • In all other cases, the candle is gray

Current and previous stochastic values:

  • If the main line values of Stochastic grow,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the main line values of Stochastic fall,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

  • In all other cases, the candle is gray

Stochastic  vs OB/OS levels:

  • If the main line of Stochastic is above the overbought level,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the main line of Stochastic is below the oversold level,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

  • In all other cases, the candle is gray

Fig. 1. Stochastic Overlay + Stochastic. Data Stochastic Compare mode = Stochastic's main and signal lines

Fig. 2. Stochastic Overlay + Stochastic. Data Stochastic Compare mode = Stochastic vs level 50

Fig. 3. Stochastic Overlay + Stochastic. Data Stochastic Compare mode = Current and previous stochastic values

Fig. 4. Stochastic Overlay + Stochastic. Data Stochastic Compare mode = Stochastic vs OB/OS levels