Stochastic Slow LE

Definition

Stochastic Slow LE (Long Entry) generates a long entry order at the next bar's open when the %K line crosses above the %D line and both values are below the OverSold level.
The number of bars used to calculate the Stochastic and the OverSold level can be adjusted.

Usage

Long entry based on the crossover of Stochastic lines.

Default Inputs

Length - number of bars for the Stochastics value calculation.
OverSold - level at/below which the Stochastics is considered to be OverSold.

Note: Use Stochastic Slow SE for entering a short position.