Hi @all.
I got some PMs stating that the Stoch indicator would show false values. This observation is wrong. Let me show you the situation:
First, here is a D1 chart of AUDCAD with the following indicators (identical settings, all D1) from top to bottom:
- Stoch7 TD V2
- Original Stoch7
- Stoch7 TD V1
1.png
We can see they all agree. So far, so good. Now we note the time of the last two signal changes.
- From green to red on 18-09-13 00:00
- From red to green on 18-09-19 00:00
Now we switch the chart to the H1 timeframe. What would we expect? Right, the signal changes and especially the signal of the last candle to stay the same in absolute terms. Now have a look what happens:
2.png
You see that both TD versions do exactly what we expected. The signal changes on the same exact date and the last candle signal stays green. The bars are just stretched. The original version (in the middle) shows something totally different, especially the last bar has changed color.
You can try the above in your terminals, you will see the same.
Cheers
Thomas
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