How to Use Leverage and Margin in PineScript plots the %K and %D lines in a separate pane with upper and lower threshold levels. Long entries trigger when %K crosses above %D below 80, while short entries trigger when %K crosses below %D above 20. Positions exit upon reaching a user-defined take profit target in ticks. The strategy allows high pyramiding up to 100 open orders and has no stop loss protection built into the code.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
K
int
13
periodK
D
int
3
periodD
Smooth
int
4
smoothK
Take Profit (in ticks)
int
100
TP
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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