///////////////////////////////////////////////////////////////////////////////////// // Last Edited: 5/19/16 // // Created By: nboone // // // // Description: // // This is a basic Stochastic histogram that essentially shows when the indicator // // is either above or below the 50 level. Colors can be customized to your liking. // // Length and smoothing factor can be adjusted as well. Defaults are 14 (Length) // // and 3 (Smoothing Factor). // ///////////////////////////////////////////////////////////////////////////////////// study(title="Stochastic Histogram", shorttitle="NB_StochHist") length = input(14, minval=1) smoothK = input(3, minval=1) k = (sma(stoch(close, high, low, length), smoothK) - 50) c = (k > 0) ? green : (k < 0) ? red : black plot(k, style=histogram, color=c) plot(k, color=black)