In effort to combat a strong and steady move in one direction causing false signals I have included a “kill switch” into the coding. This kill switch is engaged when the 2000 period stochastic breaks above/below the stated values. The status of the killswitch can be seen by looking for the gray stochastic line to turn orange or by looking for the “KILL SWITCH” label to be shown in the upper left corner of the chart.
Arrows: Divergences – Great for quick scalping opportunities
Green arrows indicate buy divergences.
Red arrows indicate sell divergences.