Strategy Premise
A Stochastic oscillator is a momentum indicator that compares a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of Stochastic to market movements is reducible by adjusting that time period or by taking a moving average of the result. Stochastic is used to generate overbought and oversold trading signals which consist of two lines:
one reflecting the actual value of the oscillator for each session.
And other reflecting its three-day simple moving average.
Strategy Logic
Long Entry: When Stochastic Oscillator Cross over Simple Moving Average, Send LE.
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Stochastic Oscillator Cross Under Simple Moving Average, send LX and SE.
Short Entry: When Stochastic Oscillator Cross Under Simple Moving Average, Send SE.
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and Stochastic Oscillator Cross over Simple Moving Average, SX and LE.
Stochastic Oscillator Strategy Parameters for TradingView Charts
1.Stochastic Length :The default setting for the Stochastic Oscillator is 14 periods, which can be days, weeks, months or an intraday timeframe
2.D Line Length : The d line is the sma of k line , the default length for this is set to 3 periods , which can be days, weeks, months or an intraday timeframe
3..Upper Trigger Line: The stochastic oscillator is range-bound, meaning it is always between 0 and 100. readings over 80 are considered in the overbought range
4.Lower Trigger Line: The stochastic oscillator is range-bound, meaning it is always between 0 and 100. readings over 80 are considered in the overbought range readings under 20 are considered oversold.
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
A Stochastic oscillator is a momentum indicator that compares a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of Stochastic to market movements is reducible by adjusting that time period or by taking a moving average of the result. Stochastic is used to generate overbought and oversold trading signals which consist of two lines:
one reflecting the actual value of the oscillator for each session.
And other reflecting its three-day simple moving average.
Strategy Logic
Long Entry: When Stochastic Oscillator Cross over Simple Moving Average, Send LE.
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Stochastic Oscillator Cross Under Simple Moving Average, send LX and SE.
Short Entry: When Stochastic Oscillator Cross Under Simple Moving Average, Send SE.
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and Stochastic Oscillator Cross over Simple Moving Average, SX and LE.
Stochastic Oscillator Strategy Parameters for TradingView Charts
1.Stochastic Length :The default setting for the Stochastic Oscillator is 14 periods, which can be days, weeks, months or an intraday timeframe
2.D Line Length : The d line is the sma of k line , the default length for this is set to 3 periods , which can be days, weeks, months or an intraday timeframe
3..Upper Trigger Line: The stochastic oscillator is range-bound, meaning it is always between 0 and 100. readings over 80 are considered in the overbought range
4.Lower Trigger Line: The stochastic oscillator is range-bound, meaning it is always between 0 and 100. readings over 80 are considered in the overbought range readings under 20 are considered oversold.
5.Alert_Message : Need to copy while creating alert into Message Box
6.Trade Setup : Intraday / Positional (Selecct accordingly)
7.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
8.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
9.Use Second Session : Check this to use second intraday session
10.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2
11.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply
12.Use Target : check if you want to set required target if not cheque will not applicable
13.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable
14.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable
15.Point Or Percentage For TG SL : Use Points or Percentage as per your choice
16.Target : Set as per the selection of (Point Or Percentage For TG SL)
17.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)
18.TSL_Type : Select as per your logic in %/ATR/Points
19.TSL_Input : Set in case you select %/Points in TSL_Type
20.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type
21.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type
22.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )
23.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )
24.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )
25.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )
26.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )
27.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )
28.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )
29.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM
30.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )
31.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only
32.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
33.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet
The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
Regards,
Algoji Enterprises Private Limited
APIBridge™
Algoji Enterprises Private Limited
APIBridge™