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Swami Stochastic

By JohnLast 1601 days ago
http://newdigital-world.com/trading-tools/621-john-ehlers-toolbox.html

The SwamiCharts are latest indicators from J.Ehlers ToolBox. SwamiCharts is an evolutionary step forward, providing a 3D heatmap view of a technical indicator over a wide sequential range of lookback periods.

SwamiCharts are a type of 3D chart with time on the x-axis (length), lookback period on the y-axis (height), and the indicator value (color) as the 3rd dimension. 

An ordinary technical indicator line chart shows an indicator at a single fixed lookback period only, a very narrow view. SwamiCharts is an evolutionary step forward, providing a 3D heatmap view of a technical indicator over a wide sequential range of lookback periods. This type of heatmap visualization technology (also used in the medical imaging and mapping fields) is now possible using modern high-speed PCs with intelligent graphics cards. 

Context provides insight. SwamiCharts provides context. A quick scan of the shorter period (lower y-axis) lookback values clearly gives an early indication of when a new indicator pattern first begins to emerges within the longer period (upper y-axis) big-picture context. Pattern continuation and dissolution can now clearly be seen by scanning the longer lookback periods.

So please take a look at the SwamiStochastic_v1 

 

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