
04-13-2007, 10:56 AM
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Freshman
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Join Date: Apr 2007
Posts: 2
Thanks: 0
Thanked 6 Times in 2 Posts
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Hi everyone. First post here. Really appreciate some of the things that can be found on this forum.
This alert for stochastics was just what I was looking for. Very clean, and very effective
I still have to learn just about everything about programming indicators., EAs, etc..., but sometimes I manage to make some modifications to existing indicators, to customize them for my purpose.
So here's a small modification I made for this stochastics alert. This version gives you an alert when D goes above or below the overbought or oversought levels. The way that the K en D cross option works remains unchanged.
I guess it could be a cool modification to make it possible to program this possibility into the basic indicator, for example so that you have a field in the parameters menu where you can switch between K or D for the OB/OS levels. On the other hand, that may needlessly complicate matters, and it may be better to simply have 2 versions.
But there is one modification that would make this indicator really much more comfortable to use: it would be great if the OB/OS levels could be linked to the cross of K and D, in such a way so that you only get an alert for crosses that occur with K above/below the levels that are indicated in the OB/OS level fields.
For example, I like to concentrate on setups where K and D cross when being above/below 80/20, and to get an alert only in these cases. But the way things are now, alerts are given for any cross, at any level.
Anyway, thanks for an already great and very useful alert, and thanks for any improvements! 
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