Stochastic Oscillator Trading
The Stochastic Oscillator is range bound and follows the speed or the momentum of price and follows the rule where the momentum changes direction before price. It measures the distance between a stock’s closing price and its range of highs and lows over a specified period. the low of the range, it falls.
The Triple Exponential Moving Average (T3) shows a smoothed representation of the chart data along with reversals and trend.
The DI, Keltner, Bollinger Band, Price momentum and retrace filter can be switched on to improve trade entry and trade exit points.
The retrace filter uses a ramp-counter with an adjustable signal line to filter low energy reversals and retraces. The ramp strength and gain is displayed at each count.
The label panel displays the profit/loss, win-rate, gain, trend and strength values.
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