Log in to see Cloud of Tags

Wealth-Lab Wiki

TASC 2018-09 | Weekly & Daily Stochastics (Apirine)

RSS

Traders' Tip text

No coding is required for the "Weekly & Daily Stochastics" as this indicator is built in. To match author's settings you should take the StochD indicator with the following parameters: period = 70, smooth = 3. It's a pleasure to show our users how to make an idea like this work with very little learning curve.

Despite trading rules haven't been provided in the article, it's not really necessary since all best practices for Slow Stochastic (StochK and StochD) apply here. Wealth-Lab's "Strategy From Rules" allows to create a trading Strategy from flexible building blocks known as Rules in few easy steps:

Step 1. To start, either choose "New Strategy from Rules" or strike Ctrl-Shift-R.

Step 2. Drag and drop an entry condition like "Buy at market".

Step 3. Then swich to Conditions tab, expand the "Stochastics" group, and pick a condition. In the Parameters box, set "StochD Period" to 70 and "StochD Smoothing" to 3.

By simply combining and reordering them one can come up with pretty elaborate strategies.

Image

Figure 1 illustrates the easiness – the process can take less than a minute and free you up from writing the code.

Code

None

Eugene (Gene Geren)
Wealth-Lab team
www.wealth-lab.com

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.


ScrewTurn Wiki. Some of the icons created by FamFamFam.