throwing something into the mix.
since nkruger and options have been very helpful in giving us the stoch(39) method, I thought I would add an idea. probably triggers less often, but wanted to give something back.
Jimmer Slingshot, stochs(20,20,10), and then stochs(5,3,1).
(obviously you could use 39 if you wanted to)
basically, wait for a slow-stochs move up or down, then wait for the 5,3,1 to pullback for entry.
pullback when 5,3,1 goes above 80 and drops for a short entry, abd below 20 and hooks up for short entry.
(I have 5-EMA high/close channels for "observation", or signalling entries.)
you can see it catches the transient hiccup, for a relatively low-risk entry.
I am fixated with these slingshots ever since I read about them in Linda Bradford-Rashkes "Street Smarts" book, and everything I do is a variation of them!!