FW_SOAP

Description

SOAP (Served On a Platter, Stochastic crossover counter) is a study using a unique concept of putting two stochastic studies together. It removes the SD moving average of both studies in order to get two SK studies crossing each other. The second crossover above 50% indicates the SOAP sell signal with arrows. Similarly, the second crossover below 50% indicates the SOAP buy signal. This works for all time periods and tick charts.

Input Parameters

Parameter Description
arrow location "Inside Lines" and "Outside Lines" define arrow location on the "S8x5" plot, where the first value shifts arrows inside, and the second one places arrows exactly on the plot. "On CenterLine" places arrows on the "Line50" plot; "OBOS Lines" places arrows on "Line20" and "Line80" plots with a shift.

Plots

Plot Description
S5x3 Stochastic indicator with K period of 5 and slowing period of 3.
S8x5 Stochastic indicator with K period of 8 and slowing period of 5.
S17x5 Stochastic indicator with K period of 17 and slowing period of 5.
S12x3 Stochastic indicator with K period of 12 and slowing period of 3.
S34x2 Stochastic indicator with K period of 34 and slowing period of 2.
RSI2 RSI Wilder indicator.
Line80 The overbought level.
Line50 The neutral level.
Line20 The oversold level.
SoapSell Arrows marking the sell signals.
SoapBuy Arrows marking the buy signals.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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