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Understanding Stochastics Topic Rating:
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Doug_H
Posted : Tuesday, March 14, 2006 12:51:01 AM


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What are your stochastics settings when you plot it in TeleChart?

- Doug
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spendabuck
Posted : Wednesday, March 29, 2006 12:16:11 PM
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Joined: 3/24/2005
Posts: 18
How can I change the grid lines on the stochastics that are currently set for 20 and 80 to 25 and 75? In this case the oversold line would be 25 instead of 20. The overbought line would be 75 instead of 80.
Craig_S
Posted : Wednesday, March 29, 2006 12:29:11 PM


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There is no way to change the default lines.

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wizardry
Posted : Thursday, April 20, 2006 11:03:34 PM
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Joined: 1/23/2006
Posts: 2
Hello:
What is the meaning of STOC12.3.2? Is this a stochastics with period=12, sk period=3, excluding the prices for the first 2 days? Assuming day 1, to day 14, the value of the above definition is computed using day 3 to day14, but excluding day 1 and day 2.
Doug_H
Posted : Thursday, April 20, 2006 11:51:54 PM


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You've got it just right!

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dwm4554
Posted : Sunday, May 07, 2006 2:05:24 PM
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Posts: 99
I have watched the video on stoch and read the comments. I would like to have a easyscan to find stocks below the stoch 20 line below they cross up.
I have copied the below PCF and used today stoch for a easyscan, but it is after the cross.
my stoch # are 13, 3, 5.
can you help?
dwm

((STOC13.3 > AVG(STOC13.3,5)) AND (STOC13.3.1 < AVG(STOC13.3.1,5)))
Doug_H
Posted : Sunday, May 07, 2006 2:48:52 PM


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Your PCF looks fine. Are you looking at a daily chart? Are your PCF's updated to the current date for All Items in System?

- Doug
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dwm4554
Posted : Sunday, May 07, 2006 3:02:52 PM
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yes to both questions. when I do the scan it show the stoch as already crossed. I would like to just see the lines below the 20 and below crossing.
thanks,
dennis
Craig_S
Posted : Sunday, May 07, 2006 3:59:59 PM


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Your PCF will find the ones that have crossed. Try this:

STOC13.3<20 AND STOC13.3<AVG(STOC13.3,5)

- Craig
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dwm4554
Posted : Sunday, May 07, 2006 4:52:10 PM
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thank you very much.
one more question. I did the scan the with PCF "STOC13.3<20 AND STOC13.3<AVG(STOC13.3,5)"
but the stock NICH is below my Stoch 20 line, but didn't show "true" in the scan. Any ideas? do I need to adjust the scan?
thanks,
dwm4554
Craig_S
Posted : Sunday, May 07, 2006 5:06:48 PM


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The PCF I gave you has two requirements:

The simple STOC13.3 must be under 20
AND
The STOC13.3 must ALSO be under its SD (the second average line).

NICH fails the second test.

Here are some PCFs you might like.

STOC13.3 crossing up thru its avg line AND under 20

STOC13.3<20 AND STOC13.3>AVG(STOC13.3,5) AND STOC13.3.1<AVG(STOC13.3.1,5)

STOC13.3 below the 20

STOC13.3<20

I hope one of these will find what you hope.

- Craig
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Doug_H
Posted : Sunday, May 07, 2006 5:06:50 PM


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My bad. I clearly read that you were looking for crossing the 20...and then proceeded to evaluate your PCF, which was perfect for STOC crossing its average! Sorry! But at least now you have both PCF's!

- Doug
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dwm4554
Posted : Sunday, May 07, 2006 5:11:46 PM
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Guys,
you are great!
thanks for being available on a Sunday night!
dwm
Craig_S
Posted : Sunday, May 07, 2006 6:32:51 PM


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Our pleasure!

- Craig
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rochcorp
Posted : Sunday, July 16, 2006 4:43:27 PM
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Joined: 6/26/2006
Posts: 7
Craig, the stochastic video is fine. But you dont explain what to look for whilst trading for short term or long term.

Craig_S
Posted : Sunday, July 16, 2006 4:58:53 PM


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I don't give trading advice. I don't know you. I don't know how you trade. I don't know your risk levels.... You don't even know if I am a good trader or a bad trader. I could be the worst trader ever!

What I do for you here is teach you HOW it works. Now take the know-how from the video and fit the indicator to your trading personality. You can do this knowing what the indicator shows and what the settings mean.

Watch it again and focus on the settings in the indicator that are time-sensitive. From there you can start to decide what settings fit your short and long-term goals.

- Craig
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bourdin
Posted : Friday, August 18, 2006 12:35:33 PM

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Joined: 7/31/2006
Posts: 37
HI I ALSO GET SYNTAX ERROR WHEN TRYING TO COPY THE DOWN SEG .COULD YOU HELP.THANKS
Bruce_L
Posted : Friday, August 18, 2006 12:47:28 PM


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bourdin,
I just copied and pasted the following formula:

((STOC20.10<AVG(STOC20.10,5) )AND (STOC20.10.1>AVG(STOC20.10.1,5)))

Into a Personal Criteria Formula and tested it with IBM as the test symbol. I did not receive an Error in Formula Syntax message. I'm updated through 8/16/2006 Market Close. I received the following results:

((68.82 < 64.68 ) AND (65.41 > 63.63))

Result: False
Market Days Needed to Calculate Criterion: 36

None of these messages indicate an error condition. Does the formula you used match? What were the exact messages returned when you tested the formula? You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
abida697
Posted : Tuesday, September 26, 2006 10:09:00 AM
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Joined: 9/25/2006
Posts: 3
Thanks for the video. I wanted to know if i can view the stochastic values on the chart?
Craig_S
Posted : Tuesday, September 26, 2006 10:11:40 AM


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Yes. You create a PCF for the stochastics that you are using on the chart then add it to the data bar.

Here are some videos to check out:

Understanding Stochastics

How to create a Personal Criteria Forumula (PCF)

Customize the Data Bar to display selected data points

- Craig
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abida697
Posted : Wednesday, September 27, 2006 4:41:04 AM
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Joined: 9/25/2006
Posts: 3
Craig, Thanks for the help. One more help. I am using a trading method which requires to assess the historic stochastic compared to current stochastic. But the PCF I created (and then added to the data point) only shows the last stochastic value. If you can please help me creating a PCF which displays stochastic value for the date I click on the chart.

thanks, Aziz
Craig_S
Posted : Wednesday, September 27, 2006 5:30:55 AM


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Your best bet is to plot an invisible version of stochastics in the top window.

Add stochastics to the top window with the same settings but without VISIBLE checked. You can then press the period key twice to activate the pointer mode. Even though you won't see the stoc in the top widow you will see its values in the data box while in pointer mode.

- Craig
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abida697
Posted : Wednesday, September 27, 2006 6:55:12 AM
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Joined: 9/25/2006
Posts: 3
Great!!! Thanks a million

Aziz
Craig_S
Posted : Wednesday, September 27, 2006 7:01:21 AM


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As always, my pleasure!

- Craig
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Savrad
Posted : Wednesday, February 18, 2009 6:20:36 PM
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Joined: 1/24/2005
Posts: 97
Great stuff Craig-very helpful video!!
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