Fast Stochastic Failures

Solution
I think it would be interesting to plot support and resistance where a popular indicators like fast stochastic or rsi failed.

For example if faststoch K crosses 80 but the price continues higher. It could show where some bots got stuck.

For Example:

https://www.dropbox.com/s/pxidwb5rfpvuens/2022-05-19-TOS_CHARTS.png?dl=0

This defines a failure when 3 or more bar's faststoch K are above 80 and plots a line based upon the close when the faststoh k crossed 80.

A debug of bubbles is available for testing.

Capture.jpg
Ruby:
input bars    = 3;
def sto       = StochasticFast();
def failcount = if sto crosses above 80
                then 1 else
                if failcount[1] >= 1 and sto > 80
                then...
I think it would be interesting to plot support and resistance where a popular indicators like fast stochastic or rsi failed.

For example if faststoch K crosses 80 but the price continues higher. It could show where some bots got stuck.

For Example:

https://www.dropbox.com/s/pxidwb5rfpvuens/2022-05-19-TOS_CHARTS.png?dl=0

This defines a failure when 3 or more bar's faststoch K are above 80 and plots a line based upon the close when the faststoh k crossed 80.

A debug of bubbles is available for testing.

Capture.jpg
Ruby:
input bars    = 3;
def sto       = StochasticFast();
def failcount = if sto crosses above 80
                then 1 else
                if failcount[1] >= 1 and sto > 80
                then failcount[1] + 1 else
                if sto < 80
                then 0 else
                failcount[1] + 1;
def failprice = if sto crosses above 80
                then close else
                failprice[1];
def failline  = if failcount >= bars
                then failprice else
                failline[1];
plot failure  = failline;
failure.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

input debug = no;
AddChartBubble(debug, low - TickSize() * 10, sto + "\n " + failcount + " \n" + failprice, up = no);
 
Solution
Thank you so much. This is exactly What I was looking for.

Could you make the same for a bottom grind? 😁

Sure

Screenshot-2022-12-09-082218.png
Ruby:
input bars    = 3;
def sto       = StochasticFast();
def failcount = if sto crosses above 80
                then 1 else
                if failcount[1] >= 1 and sto > 80
                then failcount[1] + 1 else
                if sto < 80
                then 0 else
                failcount[1] + 1;
def failprice = if sto crosses above 80
                then close else
                failprice[1];
def failline  = if failcount >= bars
                then failprice else
                failline[1];
plot failure  = failline;
failure.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);


def failcountbelow = if sto crosses below 20
                     then 1 else
                     if failcountbelow[1] >= 1 and sto < 20
                     then failcountbelow[1] + 1 else
                     if sto > 20
                     then 0 else
                     failcountbelow[1] + 1;
def failpricebelow = if sto crosses below 20
                     then close else
                     failpricebelow[1];
def faillinebelow  = if failcountbelow >= bars
                     then failpricebelow else
                     faillinebelow[1];
plot failurebelow  = faillinebelow;
failurebelow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

input debug = no;
AddChartBubble(debug, low - TickSize() * 10, sto + "\n " + failcount + " \n" + failprice + "\n" + failcountbelow + "\n" + failpricebelow, color.gray, up = no);
 

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