This TOS indicator displays arrows on the price chart and on the stochastic indicator when a divergence occurs between the stochastic indicator and price. These divergence signals are real-time and do not repaint. It also draws trendlines on the most recent divergence to make it easier to see, and gives you audio alerts when divergences occur.
You can choose whether divergences are based on the stochastic K or the stochastic D plot. You can also choose whether it looks for regular divergences or reverse (hidden) divergences.
This indicator can be used with stocks, futures, and forex on any time frame.
top of page