IK 60-15 Stochastic Strategy

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © userIan
//@version=4
strategy(title="(IK) 60-15", precision=2, default_qty_type=strategy.cash, default_qty_value=100.0, initial_capital=100.0, currency="USD", commission_type=strategy.commission.percent, commission_value=0.1)
// get input 
i_length        = input(group="Stochastic", title="Stochastic Length", minval=1, defval=18)                                     
i_k             = input(group="Stochastic", title="Stochastic %K", minval=1, defval=2)
i_d             = input(group="Stochastic", title="Stochastic %D", minval=1, defval=10)
i_trailingStop  = input(group="Trade Settings", title="Trailing Stop?", type=input.bool, defval=true)                           // should stop loss be dynamic, based on most recent high, or static, based on entry price?
i_stopPercent   = input(group="Trade Settings", title="Stop Percent", type=input.float, defval=0.05, maxval=1.0, minval=0.001)  // how much (percentage) can price fall before exiting the trade
i_takeProfit    = input(group="Trade Settings", title="Take Profit", type=input.float, defval=0.05, maxval=1.0, minval=0.001)   // how much (percentage) can price rise before exiting the trade
i_sellThreshold = input(group="Trade Settings", title="Sell Threshold", type=input.float, defval=75.0, maxval=100, minval=0.0)  // when stochastic %D crosses under this value, exit the trade
i_buyThreshold  = input(group="Trade Settings", title="Buy Threshold", type=input.float, defval=40.0, maxval=100, minval=0.0)   // stochastic %D must be below this value to enter a trade
// declare order variables
var recentHigh  = 0.0   // the highest high while in a trade
var stop        = 0.0   // the price that will trigger as stop loss
var entryPrice  = 0.0   // the price when the trade was entered
// build stochastic
sto = stoch(close, high, low, i_length)
K   = sma(sto, i_k)
D   = sma(K, i_d)
// get stochastic trend
stoch_upTrend = D > D[1]
// get stochastic trend for 60 minute
stoch_60         = security(syminfo.tickerid, "60", D)
stoch_60_upTrend = (stoch_60[4] >= stoch_60[8])
// entry
if (D < i_buyThreshold) and stoch_upTrend and stoch_60_upTrend and barstate.isconfirmed
    recentHigh := close
    entryPrice := close
    stop       := (close * (1-i_stopPercent)) 
    strategy.entry(id="60-15-Long", long=strategy.long, comment='buy')
// update recent high, trailing stop
if close > recentHigh  
    recentHigh := close
    stop       := i_trailingStop ? (recentHigh * (1-i_stopPercent)) : stop
// exit
strategy.exit(id="60-15-Long", stop=stop, comment='sell-stop')
if close > (entryPrice * (1+i_takeProfit)) and barstate.isconfirmed
    strategy.close(id="60-15-Long", comment='sell-profit')
if crossunder(D, i_sellThreshold) and barstate.isconfirmed
    strategy.close(id="60-15-Long", comment='sell-trend')
    
// plot
plot(K, title="%K", color=color.blue, linewidth=1)
plot(D, title="%D", color=color.orange, linewidth=1)
plot(stoch_60, title="Hourly Stochastic (D)", color= stoch_60_upTrend ? color.green : color.red, style=plot.style_stepline)
upperBand  = hline(i_sellThreshold, title="Upper Limit", linestyle=hline.style_dashed)
middleBand = hline(50, title="Midline", linestyle=hline.style_dotted)
lowerBand  = hline(i_buyThreshold, title="Lower Limit", linestyle=hline.style_dashed)
fill(lowerBand, upperBand, color=color.purple, transp=75)
Expand (61 lines)