Registered User
Joined: 5/5/2010
Posts: 4
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Dear Support Team,
I use a trading system, see attachment Full System Chart. From that system I have been able to put in the Stockfinder Chart the RSI (2), MACD Histogram 12,26,9 and MACD 3,10,16, see attachment Chart system without Double Stochastics. I could not locate in Stockfinder the indicator: DOUBLE STOCHASTICS OF WALTER BRESSERT. I have phoned last Friday with your support department and was told that if I gave the necessary data, you would look at it and if possible put it in your system.
Attached pls find the description of the Double Stchastics Indicator of Walter Bressert, as given for Amibroker and for a Dutch Program calles Wallstreet. I think also on the internet details can be found as it is a standard indicator. Pls note that it consists of a 10 period indicator (the red line) and a second overlay of the same indicator but now with a 5 period ( the blue line), both in the same section.
(PM the same as with the Keltner channel, a 1 standard deviation line and an overlay of a 2 standard deviaton line, both in the same section).
I would appreciate to hear from you whether this is possible and if any costs are involved. If cost are involved could you let me know beforehand how much, so I can decid whether or not to do it.
I thank you for your attention.
Best regards,
Govert Smallegange
(contact information removed by moderator)
PM HOW can I send you the attacments to the above email
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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As far as I can tell from internet searches, the Double Smoothed Stochastic (Bressert) takes a Stochastic Period and an Exponential Moving Average Period as arguments. The mit is just the Exponential Moving Average of a regular Stochastic of Price. The DSS is then the Exponential Moving Average of a regular Stochastic of the mit.
If so, a RealCode Indicator to Plot the mit could be written as:
RealCode for Real People: Indicators
'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:mit
'|******************************************************************
'# StochPeriod = UserInput.Integer = 10
'# ExponPeriod = UserInput.Integer = 10
Plot = Price.Stochastics(StochPeriod, 1).XAVG(ExponPeriod)
And a RealCode Indicator to plot the DSS could be written as:
'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:DSS
'|******************************************************************
'# StochPeriod = UserInput.Integer = 10
'# ExponPeriod = UserInput.Integer = 10
Plot = Price.Stochastics(StochPeriod, 1).ExponentialAverage( _
ExponPeriod).Stochastics(StochPeriod, 1).XAVG(ExponPeriod)
You should be able to send attachments to support@worden.com in the same way you would send attachments to any other email address.
-Bruce
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Bruce, by “regular” do you mean K stochastic?
So the double smoothing and the final output is a slow stochastic, of a slow stochastic of price?
Thanks
diceman
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It's not a Slow Stochastic (a Slow Stochastic would have an additional 3-Period Simple Moving Average).
It is just %K. You have two Periods, the Stochastic Period (to calculate a raw Stochastic without any Moving Averages applied) and a %K (to apply an Exponential Moving Average). The Stochastic is done twice. The first Stochastic is of Price and the second Stochastic is of the first Stochastic.
-Bruce
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I was trying to do this in V12, I notice I can choose it, but I can’t plot a %K of a %K?
Thanks
diceman
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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No, TC2000 version 12 does not have a Stochastics of Indicator indicator which could be used to make a Double Stochastic. It might be possible to use the techniques outlined in the Min Max PCFs topic to create a Stochastic of a Stochastic, but the resulting formula would be too long and slow for me to post in the forums.
-Bruce
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TC2000 Support Articles
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