Stochastic Slow SE
Revision as of 12:02, 23 September 2021 by KateMultiCharts (talk | contribs) (Created page with "=== Definition=== Stochastic Slow SE (Short Entry) generates a short entry order at the next bar's open when the %K line crosses below the %D line and both values are above t...")
Definition
Stochastic Slow SE (Short Entry) generates a short entry order at the next bar's open when the %K line crosses below the %D line and both values are above the OverBought level.
The number of bars used to calculate the Stochastic and the OverBought level can be adjusted.
Usage
Short entry based on the crossover of Stochastic lines.
Default Inputs
Length - amount of loss at which point the position will be closed.
OverBought - True/False trigger that allows to calculate profit per position or per share. Enter True to calculate profit per position.
Note: Use Stochastic Slow LE for entering a long position.
