Stochastics market top and bottom
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Can the built-in stochastics be made to identify market bottom ( below 20) and market top ( above 80)? The settings are %k and %D, Moving average, signal and main, which are not important to the strategy I use manually in my live trade with v10 on Deriv. My strategy enters trade after identifying either turning point.
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No. You will need a loop searcing back in time in order to find those values of the indicator.
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@l-andorrà Thanks for always being there for us! But can you help by giving an example or explaining how to go about it? I am very inexperienced but enthusiastic about developing at least one robot.
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@jpsam Here you have a loop example I created for another user searching for the value of RSI's highest high in the last candles.
https://fxdreema.com/shared/wobfy3JZd
You will need to adapt it to your indicator.
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Thanks. I will try it
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You're welcome.