SSO (Slow Stochastic Oscillator)
The SSO (Slow Stochastic Oscillator) is a smoothed version of the Fast Stochastic Oscillator. It is less sensitive to price changes than the Fast Stochastic Oscillator, which results in fewer, but more reliable, trading signals. It is calculated by smoothing the %K line of the Fast Stochastic Oscillator with a simple moving average.
Arguments
| Name | Description |
|---|---|
period | number of candles |
ema_period | period for EMA (integer greater than 0). Default is 3. |
Useful Signal Expressions
1. Slow Stochastic Overbought
Signal:
close().sso(14, 3).gt(80)
Explanation: The Slow Stochastic Oscillator is above 80, suggesting the security is overbought.
2. Slow Stochastic Oversold
Signal:
close().sso(14, 3).lt(20)
Explanation: The Slow Stochastic Oscillator is below 20, suggesting the security is oversold.