# Is there a MTF Stochastic Oscillator for ThinkorSwim?

#### Johnny Cash

##### Member
VIP
Could anyone tell me how to plot. Both; daily and weekly slow stockhastic on same chart

#### BenTen

Staff
VIP
If you're looking for a multi timeframe option for the Stochastic Oscillator, try this code:

Code:
``````# Stochastic Full MTF
# blt
# 7.15.2016

# 07.15.2016 blt v0, initial release
# 07.15.2016 blt v1, added on/off input for bubbles

# Here is a Stochastic Full_MTF indicator coded with a similar look
# as the RSI_Laguerre_Time_MTF uses. On the 1min chart image of DAL,
# I have the Stochastic set to a fast seting of 10,3,1, using higher
# agg period of 2min for the Stochastic.
#
# I used TOS Stochastic Full because with it you can do all three
# flavors (full 10,10,3; fast 10,3,1; slow 10,10,1) just changing
# the inputs
#
# This is an enhanced version with inputs to show bubbles or not.
# If you want to see it in expansion to the right, then you need to
# increase your right expansion to approx 35. The bubbles were
# already moveable at the inputs m and z

declare lower;

input usehigheraggperiod = {default "Current", "Higher"};

# Current uses the current chart agg. So if you are on a 1min chart
# the indicator is based on 1min. If you select higher, then whatever
# agg you enter at the input will be what is used for the RSI. So
# if you are on a 1min chart and higher is set to 2min, then a 2min
# RSI and the entries and targets are 2min based.

input agg                = AggregationPeriod.TWO_MIN;
input atrlength          = 14;
input atrfactor          = 3;

# Variables:
def o;
def h;
def l;
def c;
def error = usehigheraggperiod == usehigheraggperiod."Higher" and GetAggregationPeriod() > agg;
switch (usehigheraggperiod) {
case Current:
o = (open + close[1]) / 2;
h = Max(high, close[1]);
l = Min(low, close[1]);
c = (o + h + l + close) / 4;
case Higher:
if error {
o = Double.NaN;
h = Double.NaN;
l = Double.NaN;
c = Double.NaN;
} else {
o = (open(period = agg)     + close(period = agg)[1]) / 2;
h = Max(high(period = agg)  , close(period = agg)[1]);
l = Min(low(period = agg)   , close(period = agg)[1]);
c = ((open(period = agg)    + close(period = agg)[1]) / 2
+ Max(high(period = agg), close(period = agg)[1])
+ Min(low(period = agg) , close(period = agg)[1])
+ close(period = agg)) / 4;
}
}
AddLabel(error, "Chart Aggregation Period is greater than RSI aggregation period. Need to Change input to a higher agg than current chart aggregation or choose 'Current' at input usehigheraggperiod", Color.WHITE);

#TOS StochasticFull
#used TOS StochasticFull because with it you can do all 3 (full 10,10,3; fast 10,3,1; slow 10,10,1) with it by just changing the inputs for kperiod
input over_bought = 80;
input over_sold   = 20;
input KPeriod = 10;
input DPeriod = 10;
input slowing_period = 3;
input averageType = AverageType.SIMPLE;
def priceH = h;
def priceL = l;
def priceC = c;

def lowest_k = Lowest(priceL, KPeriod);
def c1       = priceC - lowest_k;
def c2       = Highest(priceH, KPeriod) - lowest_k;
def FastK    = if c2 != 0
then c1 / c2 * 100
else 0;

plot FullK =  if isnan(close) then double.nan else MovingAverage(averageType, FastK, slowing_period);
plot FullD =  if isnan(close) then double.nan else MovingAverage(averageType, FullK, DPeriod);

plot OverBought = if isnan(close) then double.nan else over_bought;
plot OverSold   = if isnan(close) then double.nan else over_sold;

FullK.SetDefaultColor(GetColor(5));
FullD.SetDefaultColor(GetColor(0));
OverBought.SetDefaultColor(GetColor(1));
OverSold.SetDefaultColor(GetColor(1));

def ob = over_bought;
def os = over_sold;
def stou = if FullK crosses above ob or
FullK crosses above os
then 1
else if stou[1] == 1 and !(FullK crosses below ob) and FullK > os
then 1
else 0;
FullK.AssignValueColor(if stou
then Color.GREEN
else Color.RED);
input usealerts = no;

AddCloud(if FullK >= OverBought
then FullK
else Double.NaN,
OverBought,
Color.GREEN, Color.GREEN);
AddCloud(if FullK <= OverSold
then OverSold
else Double.NaN,
FullK,
Color.RED, Color.RED);

plot mid   = if isnan(close) then double.nan else 50;
plot lineh = if isnan(close) then double.nan else 110;
plot linel = if isnan(close) then double.nan else -10;
lineh.setdefaultColor(color.gray);
linel.setdefaultColor(color.gray);
lineh.hidebubble();
linel.hidebubble();

AddLabel(yes, "STO (" + agg / 60000 + "min): " + Round(FullK, 0),
if FullK > 0
then if FullK[1] > FullK
then Color.DARK_GREEN
else Color.GREEN
else if FullK[1] < FullK
then Color.DARK_RED
else  Color.RED);

def atr    = Average(TrueRange(h, c, l), atrlength);
def entry  = if FullK crosses above OverSold or stou[1] == 0 and FullK crosses above OverBought
then close
else if FullK crosses below OverBought or stou[1] and FullK crosses below OverSold
then close
else entry[1];
def ebar   = if FullK crosses above OverSold or stou[1] == 0 and FullK crosses above OverBought
then BarNumber()
else if FullK crosses below OverBought or stou[1] and FullK crosses below OverSold
then BarNumber()
else Double.NaN;
def target = if FullK crosses above OverSold or stou[1] == 0 and FullK crosses above OverBought
then Round((close + (atrfactor * atr)) / TickSize(), 0) * TickSize()
else if FullK crosses below OverBought or stou[1] and FullK crosses below OverSold
then Round((close - (atrfactor * atr)) / TickSize(), 0) * TickSize()
else target[1];
def u_d    = if FullK crosses above OverSold or stou[1] == 0 and FullK crosses above OverBought
then 1
else if FullK crosses below OverBought or stou[1] and FullK crosses below OverSold
then -1
else u_d[1];
def goalu  = if u_d > 0  and  high >= target
then 1
else if goalu[1] == 1 and u_d > 0
then 1
else 0;
def goald  = if u_d < 0 and  low <= target
then 1
else if goald[1] == 1 and u_d < 0
then 1
else 0;

AddLabel(1,  if error then " "
else  "T:"+(if u_d > 0 then "Up " else "Dn") + " " + AsText(target) +
(if u_d < 0
then if  goald == 0
then " Need " + AsText(Round((target - close), 2))
else " Met "
else "") +
(if u_d > 0
then if goalu == 0
then " Need " + AsText(Round((target - close), 2))
else " Met "
else ""),
if u_d < 0 and !goald or u_d > 0 and !goalu
then Color.WHITE
else Color.GREEN);
input showentrybubble = yes;
input m = 2;
def  m1 = m + 1;
AddChartBubble(showentrybubble and BarNumber() == HighestAll(ebar),
if FullK crosses above OverSold or stou[1] and FullK crosses below OverSold
then OverSold
else OverBought,
"Entry: " + AsText(Round(entry, 2)),
if u_d > 0
then Color.GREEN
else Color.RED,
if u_d > 0
then no
else yes);
input showtargetbubble = yes;
AddChartBubble(showtargetbubble and IsNaN(close[m]) and !IsNaN(close[m1]),
if Between(FullK[m1], OverSold, OverBought)
then FullK[m1]
else if u_d[m1] > 0
then 80
else 20,
if error[m1]
then " "
else "T:"+(if u_d[m1] > 0 then "Up " else "Dn ") + " " + AsText(target[m1]) +
(if u_d[m1] < 0 and !goald[m1]
then "\nDiff     " + AsText(Round((target[m1] - close[m1]), 2))
else if u_d[m1] > 0 and !goalu[m1]
then "\nDiff     " + AsText(Round((target[m1] - close[m1]), 2))
else " Met "),
if u_d[m1] < 0 and !goald[m1] or u_d[m1] > 0 and !goalu[m1]
then Color.WHITE
else Color.GREEN,
if Between(FullK[m1], OverSold, OverBought)
then if u_d[m1] < 0
then no
else yes
else if u_d[m1] < 0
then no
else yes);
#StochasticFull Bubble
input showstochasticbubble = yes;
input  z = 30;#Hint z: = number of spaces to move the StochasticFull bubbles sideways
def   z1 = z + 1;
AddChartBubble(showstochasticbubble and IsNaN(close[z]) and !IsNaN(close[z1]),
mid[z1],
"S",
if stou[z1]
then Color.GREEN
else Color.RED);``````

VIP
thanks

#### HighBredCloud

##### Well-known member
VIP
@BenTen Does the time aggregation actually work? I tried to switch it around from a 5 min to 15 min but the Stochastic never changed...it stayed the same...hence I can't really figure out the MTF part in it...

#### horserider

##### Well-known member
VIP
@HighBredCloud The study BenTen showed will display the chart time frame or a higher time frame, not both at the same time. Try the ones in post 4.

VIP

#### Johnny Cash

##### Member
VIP
Here's a code for a multi time frame stochastic. This will allow you to plot a stochastic for any time frame that is greater than the one that your chart is currently on. For example, it can be helpful to know what the hourly stochastic looks like if you're trading on a 5 min chart. Hope it is helpful to someone out there.

Code:
``````declare lower;

input over_bought = 80;
input over_sold = 20;
input aggregationPeriod = AggregationPeriod.DAY;
input KPeriod = 10;
input DPeriod = 10;
input slowing_period = 3;

plot FullK = Average((close(period = aggregationPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) / (Highest(high(period = aggregationperiod), KPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) * 100, slowing_period);
plot FullD = Average(Average((close(period = aggregationPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) / (Highest(high(period = aggregationperiod), KPeriod) - Lowest(low(period = aggregationperiod), KPeriod)) * 100, slowing_period), DPeriod);

plot OverBought = over_bought;
plot OverSold = over_sold;``````

#### Ninja Bull

##### New member
Hey Ben, I came across this Slow Stochastic MTF that seems simple but powerful and all in one single study.
. Is this something that you can help us with?

#### Johnny Cash

##### Member
VIP
Definitely very helpful and widely used by many traders.
Post # 8 is a higher time frame stochastic.

#### Anita

##### New member
2019 Donor
@Johnny Cash It's exactly what I was looking for; Thank you!