I have an indicator in a .eld file format, which I will email you.
This indicator is plotting the Stochastic. You can input your desired variables for the stochastic.
It will also plot a green dot in the middle of the indicator when the following criteria is met.
1. On the previous bar SlowK =5
3. SlowK of 2 bars ago – SlowK of 1 bar ago >= 5
Please email only if you have and use tradestation, and can program conditions, to make an alert system, based on the below conditions.
Easy Language C, C++, or API, or MatLAB
Won't take more than 1 day.
schocastic 6-5-2 variant
Please note: A signal is only based on closed bars of the ticks.
We look for the slow stochastic to make a new low
A new low implies an old low that has been exceeded.
We will call the old low: low-b
Low-b needs to meet 2 conditions
It is below 35
On either side of the low-b, preceding and anteceding, there is a rise
of 5 points.
To explain: a rise of 5 points means that if the low is 10 it needs to
have hit 15 on either side.
2. SlowK of current bar – SlowK of 1 bar ago >=5