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saucius

Pure Stochastic long only

saucius  
Stochastic Oscillator
138
0
stochastic
Just a stochastic for giving you a smart and quick signals of entering and exiting.
Your enter is K>D in the low band and close > last bar's high.
An Ema has been added for targeting and stops.
You exit also in case of high values of K or in case D crosses over K but in the "upper".
Length, periods and level of bands are personalized.

The system goes long only, because it fits at best for shares only; I leave you the attemp of writing code for other classes and for going short, in particular.

SUGGESTIONS:
Keep Oversold period high (> 20, also 40-45)
Keep Emaperiodfast higher (> 5)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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