Birbicator/ Birb_Stochastic_TK
1. Introduction
Welcome to the Birbicator. This indicator provides a new way to view price momentum
which combines the trusted insight of Stochastic momentum combined with a proprietary
...
Birbicator/ Birb_Stochastic_TK
1. Introduction
Welcome to the Birbicator. This indicator provides a new way to view price momentum
which combines the trusted insight of Stochastic momentum combined with a proprietary
view of Ichimoku’s Tenkansen and Kijunsen price levels. The result is a “wave trend” that
provides confluent indicators of price momentum, early warning of stochastic crossovers,
and smoothed trend statistics that can be helpful in identifying entry and exit points. The
intent behind this version of Birbicator is to enhance the traditional usefulness of the
default stochastic crossover indicator. For that, there are a few notable additions to help
determine momentum.
Components & Rules
• Standard Stochastic - This provides a baseline for price change momentum, and
gives the leading indicator for trend strength. Stochastics oscillate between 0 and
100, where bullish is above 80 and bearish is below 20.
• Stochastic “Guppy” - You will find “shading” following the primary Orange/Grey
stochastic ribbon, which is actually a multi-length ribbon of the default stochastic
ribbon meant to provide better clarity during times when standard stochastic is
ranging or finding its impulsive move over or under the standard signal line. The
“shading” can give verification/confirmation of the stochastic crossover being more
powerful and thus having a higher degree of certainty of trend confirmation. Put
simply, the “shading” is a moving average to the primary orange/grey stochastic line,
and can be used as such to determine more powerful crossover events (e.g., a 5/8
MA crossover is less “significant” than a 5/21 MA crossover — this same principle
applies to the “shading” of the primary stochastic orange/gray line)
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