Stochastic Oscillator STOCH

Stochastic compares the closing price with the price range for the selected period and calculates the %K and %D lines. The ISignal STOCH card uses these lines to enter and exit.

Fill in the settings

Add the indicator Stochastic to the desired block. The instrument is out of the question. Select The TF and Candle Type, then enter three integer values:

• Period %K number of bars for the original stochastic calculation.

• Smoothing factor smoothing period of line %K.

• % D period smoothing period for line % D.

Each of the three fields has values from 2 to 50. The new card is defaulted to 14, 3 and 3, respectively. These values are not a trade recommendation.

Select Calculation in the Bar Closing or Intersection (secondly). The second mode checks the bar that is forming, so the signal may be different from the closed bar checking.

Check the direction of the intersection

When the Reverse is turned off, two conditions apply:

• Long signal: %K was below %D, and now it's either equal to or higher.

• Shortcut: %K was above %D, and now it's either equal to or below.

Just finding lines at the top or bottom of the scale isn't enough. This card has no separate channel boundaries: this stochastic filter is added with another card. The reverse switch changes the direction of the signals in places.

Use the signal in the correct block

For the entry, the long signal is suitable for the long task, the short is short. In the reverse-free exit block, the short signal serves as a condition for closing the long, and the long is a condition for closing the short.

The exit action is set in the field When the signal is received. The deviation mode depends on the robot's configuration and type; the final profit is not guaranteed.

Keep the card and check its role and parameters in the task. The storage and reaction procedures are described in The ISignal instructions. The appropriate signal must pass the rest of the task check, and the order sent must be executed on the exchange.