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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Slow Stochastics

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gthomassen
Posted : Tuesday, August 22, 2006 10:58:08 AM
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Joined: 1/14/2005
Posts: 2
 How do I convert a Slow Stochastic (%K 10, %D 3) to Telecharts Full Stochastics? Full Stoch in TC does have %K and %D but what period would I use to simulate a standard slow stochastic?
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Craig_S
Posted : Tuesday, August 22, 2006 10:59:21 AM


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Joined: 10/1/2004
Posts: 18,819
 Set the period to 10 and the SK period to 3 and the SD to 3.
- Craig
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gthomassen
Posted : Tuesday, August 22, 2006 11:08:48 AM
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Joined: 1/14/2005
Posts: 2
 Thanks Craig. What should I set the SD to?
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Craig_S
Posted : Tuesday, August 22, 2006 11:09:33 AM


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Posts: 18,819
 SD and %D are the same, so 3
- Craig
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bustermu
Posted : Tuesday, August 22, 2006 3:31:49 PM
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Joined: 1/1/2005
Posts: 2,645
 gthomassen,


By most (not all) definitions I have seen, the Slow Stochastic with period 10 and smoothing average 5 is equivalent to the TeleChart Stochastic(10,3,5) where the 3 is understood. The %K is the SK line and the %D is the SD line.

Depending on the definition you are using for Slow Stochastics, you are likely asking for the Telechart Stochastic(10,3,3) setting where the Slow Stochastic %K is the SK and the Slow Stochastic %D is the SD.

The setting supplied by Craig, Stochastic(10,1,3). is such that the Fast Stochastic %K is the SK and the Fast Stochastis %D and the Slow Stochastic %K are both represented by the SD. The Slow Stochastic %D is not displayed with this setting.

Thanks,
Jim Murphy
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bustermu
Posted : Tuesday, August 22, 2006 4:02:40 PM
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Joined: 1/1/2005
Posts: 2,645
 Addendum:

gthomassen,

You can view all four (actually, three) lines simultaneously, if you like.

Set up TeleChart Stochastic(10,1,3) and place a Simple Moving Average (SMA) of Period 3 on that.

1) The Fast Stochastic %K is the SK line.
2) The Fast Stochastic %D is the SD line.
3) The Slow Stochastic %K is the SD line also.
4) The Slow Stochastic %D is the SMA line.

Remember: There is another definition of Slow Stochastics that cannot be viewed using the TeleChart Stochastics. It can be viewed using a Custom Indicator.

Thanks,
Jim Murphy
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Craig_S
Posted : Tuesday, August 22, 2006 4:35:25 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Did some more poking around...

I was in error. You want:

Period: 10
SK period: 3
SD period: 3

(note, original response above has been corrected)
(thanks, bustermu, for inspiring me to dig deeper)
- Craig
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