Restu Kaioh Scalping Indicator

Category: momentum

A stochastic-based scalping indicator designed for XAU/USD that transforms standard stochastic values into discrete overbought/oversold signal states.

Formula

\text{Restu} = \begin{cases} 1 & \text{if } \text{Stoch}(K) > 80 \\ -1 & \text{if } \text{Stoch}(K) < 20 \\ 0 & \text{otherwise} \end{cases} \text{ where Stoch is calculated using } iStochastic(14, 3, 3)

Inputs

• SMA_Period (default: 20)
• Stoch_Period (default: 14)
• Stoch_Slowing (default: 3)
• Stoch_Smooth (default: 3)
• Stoch_Overbought (default: 80)
• Stoch_Oversold (default: 20)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.