Stochastic Power Meter

zcsoka
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Stochastic Power Meter

Post by zcsoka » Mon Jul 27, 2020 11:30 am

The Stochastic Power Meter is a multi period stochastic based tool, which shows colour coded overbought and oversold regions for 10 different period length.
Please remark, that this tool is displayed in a separate window and not on the chart or in the indicator panel.

The product is available on the Marketplace.


The settings panel looks like:

SP_Settings.png
SP_Settings.png (89.33 KiB) Viewed 2226 times

which enables the following configuration:

(Please do not forget to hit Enter if you change numerical fields)

Bar Interval: The bar interval for the calculation. It is focusing on day traders and scalpers therefore shorter periods are available (1s, 2s, 5s, 10s, 30s, 1m, 5m)
Base Period Length: The base length for the Stochastic calculation. It will be the shortest period used.
Drawing Style: The Drawing Style of the indicator (Box, Rounded, Dots)
Open Window (button): This button will open the power meter in a separate window

What is displayed

The power meter consists of 10 rows. Each row represents a %K stochastic value as a colour coded drawing. The first row is based on the configured parameters, starting from the second the period for the calculation is multiplied by the row number (second row is double period, third row is three times the period, etc.). The top of the power meter shows short term, the bottom  part shows long term stochastic. 
The colour of the power meter changes between red and green gradually. The red represents oversold, the green overbought values. As the values are changing, a gradual colour change will be displayed.

Interpretation

The interpretation of the values are the same as a standard stochastic.

Example

SP_Example.png
SP_Example.png (956.87 KiB) Viewed 2226 times


 
Last edited by zcsoka on Sun Jul 25, 2021 6:45 pm, edited 1 time in total.

jamesrivera1
Posts: 3
Joined: Thu Feb 25, 2021 4:23 pm

Re: Stochastic Power Meter

Post by jamesrivera1 » Thu Feb 25, 2021 4:26 pm

Is this addon for Futures only? I trade stocks and when i import the addon; the checkbox is greyed out and i cant use it. Please advice.

zcsoka
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Re: Stochastic Power Meter

Post by zcsoka » Tue Mar 16, 2021 8:03 am

The package was signed by Bookmap, it can be used for stocks as well now.

kaizhou8
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Joined: Mon Jul 19, 2021 7:10 pm

Re: Stochastic Power Meter

Post by kaizhou8 » Sun Jul 25, 2021 2:56 pm

I got error as attached image, running on 7.2 
Attachments
2.png
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zcsoka
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Re: Stochastic Power Meter

Post by zcsoka » Sun Jul 25, 2021 5:58 pm

Dear Kaizhou8,

Could you please send me from the Bookmap folder the log file for the time the error has occurred? Have you used any other plugin at the same time? Did it happen during usage or when you enabled it? 

Kind Regards,

Zoltan

zcsoka
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Re: Stochastic Power Meter

Post by zcsoka » Sun Jul 25, 2021 6:45 pm

Dear Kaizhou8,

I have prepared a 7.2 specific test package. It has Historical Data backfill and the numerical parameter changes do not require ENTER anymore, BUT it is not signed, it does not work with DXFeed (as I understood you want to use it with crypto, so it is not crucial for your tests). Please test it and let me know if you can reproduce your issue with it. The file is here:
stochpower-2.0.0.jar
(20.78 KiB) Downloaded 20 times

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