Stochastic indicator is an oscillator that is used to determine pivot points and change the trend.
Stochastic works on the basis of two bands: fast %K and slow %D.
We use the settings of the Stochastic indicator (14 3 3).
The indicator values range from 0 to 100.
Stochastic indicator values < 20 are the oversold zone. Exiting the oversold zone is a buy signal.
Stochastic indicator values > 80 are the overbought zone. Exiting the overbought zone is a sell signal.
Stochastic LONG1 The strategy will work if the %K line crosses the %D line from bottom to top.
Stochastic SHORT1 The strategy will work if the %K line crosses the %D line from top to bottom.
Stochastic LONG2 The strategy will work if the %K and %D lines cross the X value from the bottom up. X default 20, optional setting, you can set your own value.
Stochastic SHORT2 The strategy will work if the %K and %D lines cross the X value from top to bottom. X default 80, optional setting, you can set your own value.
To enable this filter, select it and set the time period for analysis. You can also change the value of the oversold line that the indicator lines need to cross.
Stochastic LONG3 The strategy will work if the %K line crosses the %D line from the bottom up and both lines are below X. X default 20, optional setting, you can set your own value.
Stochastic SHORT3 The strategy will work if the %K line crosses the %D line from top to bottom and both lines are above X. X default 80, optional setting, you can set your own value.
To enable this filter, select it and set the time period for analysis. You can also change the value of the oversold line, below which (for the Long algorithm) or above which (for the Short algorithm) the indicator lines need to cross.
