Osi Cycle-Adaptive Full Stochastics-Auto
This indicator is based on the calculation for Full Stochastics, but the calculation period used, on each bar, is a fixed, user-selectable, factor of the period of the dominant wave as measured on that bar: quarter-wave, half-wave or full-wave. The smoothing period for the %K line is automatically set at half the period for %K.
The user may also elect to use a fixed period, in which case it is no different from the standard Full Stochastics.
Typical Usage Scenarios
This indicator is used in the same manner as the Full Stochastics. The real advantage is that the period of calculation is adjusted, depending on the market's dominant cycle. An internet search will show the many ways in which the Full Stochastics is used, whether as an overbought/oversold oscillator, or as a divergence trading tool.
This is taken over the same time span as with the Osi Cycle-Adaptive FullStochastics. See how using the automatic smoothing of half the period used to calculate %K, results in a much smoother curve with pretty much no delay in recognizing the turn. In the chart shown, the Osi Cycle-Adaptive Full Stochastics-Auto is being used as a divergence spotter for the turn, but see how well it reacts when it enters oversold or overbought territory.
The calculation period, and the method (in this case, "Cycle"), are indicated by the information panel at the bottom. The parameter choice is part of the chart label in the upper text; in this case "HalfWave".