Stochastic Structure Analyzer

A momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.

- Stochastic can be used for buy and sell signals as usual.
- The bars at the back represent the stochastic value of the OBV based structure calculation.
- The color of the stochastic line is a preliminary indicator of an up move.
- The fill color between the stochastic lines indicate the trend strength,

How to use: I suggest combining this with a higher timeframe to buy when the both stochastics are crossing below 20 line. And sell when one of the stochastics crosses-down.


This is the stochastic version of the structure analyzer(tradingview.com/script/66qgS9gj-Structure-Analyzer/).