ThinkorSwim Indicator: Multi-Time Frame Stochastics

Here's a code for a multi time frame stochastic.  This will allow you to plot a stochastic for any time frame that is greater than the one that your chart is currently on.  For example, it can be helpful to know what the hourly stochastic looks like if you're trading on a 5 min chart.  I'm playing around with using this a filter for mean reverting systems..such as ignore a "Buy Signal" if the stochastic on a higher time frame is over 60.  Here's an example of using the 15min stochastic with a 1 minute chart:

Here's the code.  To use this code, copy and paste it into TOS and then delete the // marks at the top and bottom.  These marks are necessary for posting the code on blogger and the indicator will not work in TOS if you don't delete them. 

Hope everyone had a great Thanksgiving!

TLT

//

declare lower;

input aggregationPeriod = AggregationPeriod.DAY;
input KPeriod = 10;
input DPeriod = 10;
input slowing_period = 3;

plot FullK = Average((close(period = aggregationPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) / (Highest(high(period = aggregationperiod), KPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) * 100, slowing_period);
plot FullD = Average(Average((close(period = aggregationPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) / (Highest(high(period = aggregationperiod), KPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) * 100, slowing_period), DPeriod);

//

Live Market Commentary Video

Once again, looking at the Opening Range for the Eur/Usd, the SPY and the VIX to generate trading signals. 

Have a great day.

TLT

Market Recap Video

Trying something new...playing around with the screen recorders..maybe gonna start recording some trading examples and market commentary.  Here's a video where I talk about today's trading in the Eur/Usd.  There's a couple of opening range breakout setups and I walk you through what types of things that I'm looking at when I put on these trades.  Volume is not the best, so turn it up to hear...I'll do better with that next time.

In the video, I mention that the Adaptive Opening Range Indicator was from Thinkscripter, however, I misspoke.  It is actually an indicator that was programmed by ReadTheProspectus and is available here.  If you're not familiar with the site, you should spend some time with it and consider donating to get access to the "Donors Only" codes.  I don't know the administrator of that site and gain nothing from this recommendation...just think it's a useful website and a good blog.

TLT