A strategy built upon the bilateral stochastic oscillator, this tool aims to identify trends and potential reversal points within the existing trend. The oscillator consists of a blue bull line, a red bear line, and an orange signal line. The strategy offers various options, including two distinct strategic frameworks and a martingale mode. For additional details on the indicator, please refer to my uploaded indicators.In terms of strategy frameworks, there are two options accessible from the strategy settings window. Both frameworks share identical closing conditions. Under the "Bull/Bear Cross" framework, the entry conditions are as follows:
Buy: Triggered when the
bull line crosses above the bear line
Sell: Executed when
the bear line crosses above the bull line
For the "Signal
Cross" framework, the entry conditions are:
Buy:
Activated when the bull line crosses over the signal line
Sell:
Initiated when the bear line crosses over the signal line
Both
frameworks share the same closing conditions: positions should be
closed when the bull or bear line falls below the signal line.
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for Stochastic Bilaterl in the TradingView Scripts Community.
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