Arustysponge Color changing Stochastic

Changes candle color based on thresholds set on stochastic. can be set to day trade swing trade or long trade.

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Keep bar collars the same through thresholds

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MTF Stochastic Bar Color

This indicator is a highly customizable Multi-Timeframe Stochastic tool designed to highlight momentum breakouts and trend reversals. It allows you to select any timeframe (e.g., Daily) and displays the Stochastic oscillator in a sub-pane while coloring the main chart candles based on the oscillator's behavior.

Core Features & Logic Modes:
It features two distinct operating modes that change how the candles are colored:

15 Minute Mode (Breakout / Extremes):

Green: Candles turn green when the selected Stochastic source (%K or %D) pushes above the Upper Threshold (default 80), signaling strong bullish momentum.

Red: Candles turn red when the source drops below the Lower Threshold (default 32), signaling strong bearish momentum.

Gray: If the Stochastic is anywhere in the middle zone between the thresholds, the candles are explicitly painted Gray to override the chart, signaling a neutral momentum zone.
Daily/Weekly Mode (Trend Reversal):

Green: Candles turn green when the Stochastic is above the Upper Threshold.

Red: Candles turn red when the Stochastic is below the Lower Threshold.

Reversal Tracking (Middle Zone): When the Stochastic is floating between the two thresholds, the candle color strictly follows the direction of the oscillator. If it is pointing up, the candles are Green; if it reverses and points down, they immediately flip to Red.
Additional Settings:

Signal Source Selection: Choose whether the color logic is driven by the faster %K line or the smoother %D line.

Wait for Close: An option to lock the logic to fully closed bars to prevent repainting.

Fully Customizable Thresholds & Timeframes: Adjust the overbought/oversold levels and the MTF resolution to fit any trading style or chart interval.

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