stochastic oscillator: A stochastic oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result. It is used to generate overbought and oversold trading signals, utilizing a 0–100 bounded range of values.
Pattern name: Strategy name
Time interval: Candlestick or bar Timeframe
Signal Direction: Bullish or Bearish
stochastic oscillator: An Oscillating Trading Indicator
Index: Select one of the two components of the stochastic oscillator – stochastic oscillator, or Signal stochastic oscillator.
1. Break: When one of the two componets of this indicator surpasses certain value on the stochastic oscillator.
2. Cross: When two indicator components are crossing. For cross strategy an additional component has to be selected.
Effect: Select “Below to Above” ,“Above to Below” or Touch. The index functions -Below/Above- in coordination with Second index or Target level.
Target Level: Stochastic Oscillator oscilates btween 0 to 100.
Target Symbol: Add target symbol.
Time Scope: Timeline for the strategy
“Create and save” or “Create and Add New Indicator”: Select “Create and Save” if building a strategy with one indicator, or select “Create and Add New Indicator” if adding an additional indicator to the strategy.