Welcome back, fellow traders! Today, I’m excited to dive into another gem from the Super Positions series—the StochR% Super Position Indicator.
This indicator operates on a principle similar to the RSI DeMarker Super Position, but it’s designed specifically for the stochastic oscillator and %R. If you’ve been trading for a while, you know how crucial it is to have the right tools in your arsenal.
Currently, there’s no correlation between different periods of the basic indicators in this tool (the moving averages for these indicators across various periods are not recalibrated). If you’re keen on having this feature, just let me know, and I can integrate it into the code!
Here’s a quick rundown of the indicator lines:
- %R: Silver
- Stoch: Dark Orange
- SuperPosition: Black
- Fast MA: Orange Red
- Slow MA: Steel Blue
- Divergence Histogram: Steel Blue
Check out the visual representation of this indicator below:
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