Description
The IFT_Stoch strategy generates signals based upon IFT Stochastic Oscillator values.
Long Entry signal is generated when IFTStoch Oscillator crosses above 30; Short Entry signal is generated when it crosses below 60 while price is lower than its 165 period SMA. When these conditions are met, strategy adds BUY_TO_OPEN and SELL_TO_OPEN orders, respectively.
Long Exit signal is generated when IFTStoch Oscillator crosses below 60; Short Exit signal is generated when it crosses above 30. When these conditions are met, strategy adds BUY_TO_CLOSE and SELL_TO_CLOSE orders, respectively.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in calculations. |
length
|
The number of bars in the main period in Stochastic calculation. |
slowing length
|
The number of bars in the slowing period in Stochastic calculation. |
over bought
|
The overbought level |
over sold
|
The oversold level |
Further Reading
1. "Applying the Put/Call Ratio Indicator" by Sylvain Vervoort. Technical Analysis of Stocks & Commodities, December 2011.