A friend of mine was showing me some indicator he found, and looking at it gave me an idea. The idea was barely similar to his indicators, which were oscillators looking for reversals. Mostly, the idea is to have a stochastic indicator that can extend past 100 and 0. So I made the B3_ExtendoStochastic indicator. It will give you more of an idea of the strength or extreme-ness of the typical overbought and oversold signals of the traditional stochastic indicator. On top of the extension, my indicator also is multiple-time-frame (MTF) which allows you to use say the hourly stochastics on a five-minute chart.
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