Fan Stochastic Indicator
The Fan Stochastic Indicator takes a different approach to the classic Stochastic. Instead of watching a single setting, you see several Stochastic calculations running together with different periods. The result is a moving fan that gives you a quick feel for how short, medium, and slower momentum are behaving at the same time. What makes it interesting is not just where the lines are, but how they move in relation to each other. At times they bunch together and almost become one. A little later, they may spread out across the whole window. You will also notice situations where faster lines turn first and the slower ones begin to follow. These small changes in the shape of the fan are often the part worth watching. The Fan Stochastic Indicator can use Arithmetical, Fibonacci, Leonardo, or Geometrical progression to build its periods, so the appearance of the fan can change quite a bit depending on the setup. Periods, smoothing, calculation method, price input, and other settings can also be adjusted. It is a familiar oscillator underneath, but seeing many versions of it working side by side gives it a completely different feel.