Stochastic RSI and Slow stochastic

[shruti.trader]

Hello Johnny,
Well i found ur method real effective johnny.

Suggestion : You should start thread,
In that thread,u should share ur useful methods for Day trading.
Your knowldge is of emence use for all traders here.

If u have any threads in past in traderji.. pls give me links.


I wish to share one Stochastic oscillator method in traderji by Saint.
Link below

http://www.traderji.com/day-trading/30182-how-trade-oscillator.html

How to trade with stochastic once in overbought n oversold reason.

(Pls look at starting thread).


Thanx you

 

[johnnypareek]

hey shurti,

I'm deeply thankful to you 4 ur kind words which in fact I don't deserve. anyway yes I agree that every one have their own method. I'll will discuss mine but when I 'll be sure that its going to right hand.

 

[shruti.trader]

Dear Johnny ,
Nice Logic n found it really helpful.
But it will be of Great ease if you plot buy/sell arrows according to condition mention below-

1)Please remove all buy/sell Old arrows plotted on price chart.

2)Buy should come when Stochastic crosses above 70 (Buy arrow should be visible on Particular price bar) vice-versa for Sell once below 30 (Sell arrow should be visible on particular Price bar).

3) Please provide (Star marking) for Exit Trade.

4) How one should exit once trade.kindly help.
(My view - is it once price crosses 70 from top and 30 from below ??) ... pls plot according to ur view.

5) Please Add exploration to it



Waiting for ur reply.

Thanx you in advance.

Hello Johnny..

Kindly plot above conditions for me...Thanx you

 

[johnnypareek]

Hi,

This method is for particular that indicator which a bit different from stochk.

will try to do as u asked on monday. Now a days, Sunday is purly for my twin kids. Dishant and Chirag. Hope you understand

johnny

 

[johnnypareek]

hmm okay

I have added exploration and signal as per I wrote above. Please note that you must watch this for few trading seasons before applying. I have also added tgt sl but Please note that you must watch and don't trade for few seasons. I am also going to use this from monday so if I gets any better or add something, I will post

Periods=Param("Periods",8,3,70,1);
SmoothFactor = Param("SM",3,3,14,1);
Levelup= 70;
Leveldown=30;
R= RSI(Periods);
StochR=100*(R-LLV(R,periods))/(HHV(R,periods)-LLV(R,periods));
SR=EMA(StochR,SmoothFactor);
Buy= Cross( SR,Levelup);
Sell= Cross(Leveldown,SR);
Short=Sell;
Cover=Buy;
Buy= ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
PH =30; 
RHeight = 100/PH*100;
GraphXSpace = 1*PH;
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
Plot(0,"",colorBlack,styleDashed|styleOwnScale,0,RHeight);
Plot(SR,"   RSI Value ",4,styleThick|styleOwnScale,0,RHeight);
Plot(Levelup,"     LevelUP ",colorPlum,styleDashed|styleOwnScale,0,RHeight);
Plot(Leveldown,"    Level Down",colorBlue,styleDashed|styleOwnScale,0,RHeight);
Plot(100,"",colorBlack,styleThick|styleOwnScale,0,RHeight);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-20);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-30);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-25); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=20);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=30);                      
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-25);
Filter=Buy OR Sell;
bd=ValueWhen(Buy OR Sell,H-L,1) ;
	SetOption("NoDefaultColumns", True);
	AddColumn(DateTime(), "DATE", formatDateTime,colorDefault, colorDefault, 80);
	AddTextColumn(Name(), "SYMBOL", 77);
AddColumn(IIf(Buy,H,Null), "Buy Above", 1.2);
AddColumn(IIf(Buy,L,Null), "SL Below ", 1.2);
AddColumn(IIf(Buy,H+(bd*1.382),Null), "Intial Long Tgt. ", 1.2);
AddColumn(IIf(Sell,L,Null), "Short Below", 1.2);
AddColumn(IIf(Sell,H,Null), "SL Above", 1.2);
AddColumn(IIf(Sell,L-(bd*1.382),Null), "Intial Short Tgt. ", 1.2);

 

[shruti.trader]

hmm okay

I have added exploration and signal as per I wrote above. Please note that you must watch this for few trading seasons before applying. I have also added tgt sl but Please note that you must watch and don't trade for few seasons. I am also going to use this from monday so if I gets any better or add something, I will post

Periods=Param("Periods",8,3,70,1);
SmoothFactor = Param("SM",3,3,14,1);
Levelup= 70;
Leveldown=30;
R= RSI(Periods);
StochR=100*(R-LLV(R,periods))/(HHV(R,periods)-LLV(R,periods));
SR=EMA(StochR,SmoothFactor);
Buy= Cross( SR,Levelup);
Sell= Cross(Leveldown,SR);
Short=Sell;
Cover=Buy;
Buy= ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
PH =30; 
RHeight = 100/PH*100;
GraphXSpace = 1*PH;
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
Plot(0,"",colorBlack,styleDashed|styleOwnScale,0,RHeight);
Plot(SR,"   RSI Value ",4,styleThick|styleOwnScale,0,RHeight);
Plot(Levelup,"     LevelUP ",colorPlum,styleDashed|styleOwnScale,0,RHeight);
Plot(Leveldown,"    Level Down",colorBlue,styleDashed|styleOwnScale,0,RHeight);
Plot(100,"",colorBlack,styleThick|styleOwnScale,0,RHeight);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-20);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-30);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-25); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=20);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=30);                      
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-25);
Filter=Buy OR Sell;
bd=ValueWhen(Buy OR Sell,H-L,1) ;
	SetOption("NoDefaultColumns", True);
	AddColumn(DateTime(), "DATE", formatDateTime,colorDefault, colorDefault, 80);
	AddTextColumn(Name(), "SYMBOL", 77);
AddColumn(IIf(Buy,H,Null), "Buy Above", 1.2);
AddColumn(IIf(Buy,L,Null), "SL Below ", 1.2);
AddColumn(IIf(Buy,H+(bd*1.382),Null), "Intial Long Tgt. ", 1.2);
AddColumn(IIf(Sell,L,Null), "Short Below", 1.2);
AddColumn(IIf(Sell,H,Null), "SL Above", 1.2);
AddColumn(IIf(Sell,L-(bd*1.382),Null), "Intial Short Tgt. ", 1.2);

kindly give backtesting results n how its working according to u Johnny ji..

Pls reply

 

[shruti.trader]

Hello Johnny n all

Kindly help to plot my condition in this AFL LINK...

Pls visit

http://www.traderji.com/amibroker/87490-plz-solve-problem.html


Waiting for reponse..