In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//@version=2 strategy("DaxK_Limit", overlay=true) length = input(14, minval=1) OverBought = input(52) OverSold = input(48) smoothK = 1 smoothD = 3 k = ema(stoch(close, high, low, length), smoothK) d = ema(k, smoothD) if (not na(k) and not na(d)) if (crossover(k,d) and k < OverSold) strategy.entry("StochLE", strategy.long) strategy.exit("StochLE", trail_points=40) if (crossunder(k,d) and k > OverBought) strategy.entry("StochSE", strategy.short) strategy.exit("StochSE",trail_points=40) //plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)