This strategy initiates trades based on slow stochastic's overbought and oversold levels. The strategy will buy when certain oversold conditions are met and sell when certain overbought conditions are met.
Buy Logic
A market order to buy will be generated at the open of the next bar if the following conditions are met:
1. SlowK line crosses above the SlowD line
2. SlowK value is less than the oversold level
Sell Logic
A market order to buy will be generated at the open of the next bar if the following conditions are met:
1. SlowK line crosses below the SlowD line
2. SlowK value is greater than the overbought level
Stop and limit levels can be specified when formatting the strategy inputs. This strategy also has the option for email alerts. The email alert can be selected when formatting the strategies inputs.
This strategy uses Keltner Channels for buying and selling. If
Buying logic
An entry order to buy at the high price of the current bar will be generated if the current bar crosses the upper band.
Selling Logic
An entry order to sell at the low price of the current bar will be generated if the current bar crosses the lower band.
Here's a list of the inputs you will be able to modify when adding the EA:
Keltner Channel Indicator
Length = 20
Numatrs = 1.5 -> this value is multiplied by the average true range of the current bar to determine the distance from the upper and lower bands to the midline.
Other inputs / default values
Limit = 0
Stop = 0
Use SSL = False
Port = 25
Trailing Stop = 0
Email Alert = False
This is an improved version of the momentum indicator.
The n-period momentum is the difference between the close of the last bar and the close n bars ago. When a large bar n periods ago drops out of the momentum calculation, this can create a significant distortion, as it will show as a change in momentum, even if there was no or little price change for the last bar.
To eliminate this problem, the input value n bars ago was replaced with the triangular moving average SMA(SMA(Input, n+1), n+1)[0]. This modification does not change the usability of the momentum indicator, but simply eliminates the distortion.
October 25th, 2016 04:16 PM hobbys11 thx very much.
September 9th, 2015 04:48 PM anup Thx fat Tail. That is a great Indicator. Very thoughtful of you. Thx again.
July 21st, 2015 03:50 PM pepbosch great idea from a great brain! Thanks
December 27th, 2013 04:42 AM Maxie in welchem TF benutzt Du den Indi am Meisten? I can see the "alpha Auction bars"in the screen, sind die auch von Dir? Wü
rde ich gern ausproboieren, kannst Du mir sagen, wo ich die finde?
September 6th, 2017 09:14 AM Buscador PicoTrader, thanks again for a very useful program for range bar users that I have enjoyed for several years now. Never
found anything in the same category as simple and good.
I am moving forward to NT 8 and I would love to have this range marker in NT 8.
Any possibility you would re-coded for the new platform?
In any case. Thanks a million for a great app.
July 17th, 2015 01:57 AM Portland
April 14th, 2015 09:13 PM dsgreeves
October 26th, 2013 10:05 PM ojmen2000 now this will make life a lot easier. thanks