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.