Available translations

Worden Stochastic Indicator

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Summary: The Worden Stochastic indicator uses the percentile rank of the most recent closing price compared to other closing prices over a specified lookpack period.
Worden Stochastic the Charts
According to investopedia, The Worden Stochastics indicator was designed by Peter Worden to recognize a new trading range more quickly than traditional stochastics. Unlike traditional stochastics that incorporate high, low, and closing prices, the Worden Stochastics indicator uses rankings to avoid over-weighting in outlier periods, providing a potentially more accurate indication of the trading range.
Key concepts:
  • Ranks closing prices, assigning a value based on where the recent close ranks compared to prior closes.
  • Provides overbought and oversold levels, as well as potential trade signals using signal line crossovers.
  • A reading above 80 is considered overbought, while a reading below 20 is considered oversold.
The parameters of the Worden Stochastic can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "Worden Stochastic" Product Definition.
Worden Stochastic Products & Properties
Product Setting Product Variable Properties
Worden Stochastic WordStoch StochK, StochD
Example:
A simple strategy can be built by entering a trade when the K value crosses the D value upwards when in the oversold region: 
 chart.at01hs.WordStoch.StochK > chart.at01hs.WordStoch.StochD && chart.at01hs.WordStoch.StochK < 20
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1. quantum By @quantum8

2. Keltner Channel - quantum Indicator

3. Moving Volume Average Price (MVWAP) - quantum Indicator

4. Parabolic Stop and Return (PSAR) - quantum Indicator

5. Beep Boop - quantum Indicator

6. Choppiness Index - quantum Indicator

7. Choppy - quantum Indicator

8. Williams Fractal - quantum Indicator

9. Heikin Ashi Relative Strength Indicator - HARSI

10. Elder's Force Index Indicator

11. William's Percent Range Indicator

12. Random Walk Index Indicator

13. TRIX Indicator

14. Worden Stochastic Indicator

15. Accumulation Distribution Line Indicator

16. VADER Indicator

17. Coppock Curve Indicator

18. Quantitative Qualitative Estimation

19. Vortex Indicator

20. KDJ Indicator

21. HARSI-BB

22. Braid Filter

23. QQE Mod

24. Jurik Volatility

25. MOBO

26. Momentum Bars

27. Inside Bars