Extreme Stochastics v2
Unfortunately this indicator is no
longer available, but you may find Stochastics Pattern Recognizer v2 an interesting alternative!
Description
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General Purpose Mean Reversion Stochastics Extremes Trade Signal Indicator - CCI, Time based exits + trend bias filtering and fading.
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This Directional Biased/Non Biased Mean Reversion system waits for extreme overbought or oversold Stochastics levels to enter or exit while optionally still trading in the direction of the trend- visual on Chart back testing + indicative trade stats! Based on Richard Weismann Extreme Slow Stochastics.
Overview
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This Directional Biased/Non Biased Mean Reversion system waits for extreme overbought or oversold Stochastics levels to enter or exit while optionally still trading in the direction of the trend plotted via a moving average, filtering and signal fading on Commodity Channel Index. Effective in Range Bound, Choppy or Smooth, Trending Markets
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Offers ©Visual Backtesting and On Chart Indicative Stats - audible and graphical Entry, stop and target, signals.
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Perfect for use with discretion to price action and unsustainable emotionalism and sentiment. Enter trades manually on chart trader with optionally a NinjaTrader ATM to plan your exits/stops ahead
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It benefits from Trader configurable static tick or Standard Deviation Stops - static Target price, Standard Deviation Target, and time bases exits - signal fading and proprietary filtering.
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Likes range bound markets or trending. Selling recent highs and buying recent lows in the direction of the long term trend.
Key Features
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Directional Bias Filter– provides considerable increase in probability of successful trades.
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DirectionBias=0 off
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DirectionBias=1 go long if SMA is rising, go short if falling
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DirectionBias=2 go long if SMA is rising and close above, go short if falling and close below
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Red/green arrow for the entry.
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Stop pink Dot
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StopHit Red Dot
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Alerts
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Sounds - Alarms
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Visual Back testing
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Indicative Stats
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Multi Target/Stop Exit Strategies
Parameters
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100% configurable parameters
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Configurable Stochastics and CCI
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3 Target Modes - Ticks, StdDev, Extremes
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3 Stop Modes - Ticks, StdDev
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Directional Bias On Off
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Optional Timebased Exit
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Alert wav file
