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Stochastic S&C System
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| Added: August 13, 2008 |
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TradeStation, system
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The EasyLanguage for the system consists of finding a SwingLow for in the %K during an uptrend in the %D for a buy signal, or finding a SwingHigh in the %K during a downtrend in the %D for a sell signal. The exit for both the long and short side occurs after the period specified by the ExitBars input. After creating the system and applying it to a chart, you can then add money-management stops, from which the system would undoubtedly benefit.
This EasyLanguage code is also available at Omega Research's Website. The filename is "StochSC.Ela." Note that all Traders' Tips techniques that are posted at the Omega Research Website can be utilized by either TradeStation or SuperCharts. Whenever possible, the posted techniques will include both Quick Editor and Power Editor formats.
-- Gaston Sanchez, Omega Research Inc.
800 422-8587, 305 270-1095
Internet: http://www.omegaresearch.com
Code:
Type: Function, Name: StochCustom
Inputs:
KPeriods(NumericSimple),
KSlow(NumericSimple);
Variables:
LoLo(0),
HiHi(0),
HLDIff(0);
LoLo = Lowest(Low, KPeriods);
HiHi = Highest(High, KPeriods);
HLDIff = HiHi - LoLo;
If HLDIff > 0 Then Begin
If KSlow <= 1 Then
StochCustom = (Close - LoLo) / HLDIff * 100
Else
StochCustom = Average(Close-LoLo,KSlow) / Average(HLDIff, KSlow)*100;
End;
Type: System, Name: Stochastic S&C
Input: KPeriods(7), DPeriods(12), KSlow(3), ExitBars(5);
Variables: KVal(0), DVal(0);
KVal = StochCustom(KPeriods, KSlow);
DVal = Average(KVal, DPeriods);
Condition1 = DVal > DVal[1] AND DVal[1] > DVal[2];
Condition2 = DVal < DVal[1] AND DVal[1] < DVal[2];
If Condition1 AND SwingLow(1, KVal, 1, 2) <> -1 Then
Buy This Bar on Close;
If Condition2 AND SwingHigh(1, KVal, 1, 2) <> -1 Then
Sell This Bar on Close;
If MarketPosition = 1 AND BarsSinceEntry = ExitBars Then
ExitLong This Bar on Close;
If MarketPosition = -1 AND BarsSinceEntry = ExitBars Then
ExitShort This Bar on Close;
Code to difficult? Find somebody to help you with coding here.
Author: Robert Zellner
Source: http://www.traders.com
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