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kram
Posted : Wednesday, July 11, 2018 5:39:24 PM
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Joined: 10/7/2004
Posts: 70

Bruce,

These formulas are used in a bloomberg stochastic:

Stochastics measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. In an up-trend, markets tend to close near the high and  while in a down-trend they to close nearer to the lows. This indicator is calculated with the following formula:
 
%K = 100*Closing Range/Total Range
 
where:
 
 Closing Range = Close - Range Minimum
 
 Total Range = Range Maximum - Range Minimum
 
The extent of the Range is determined by the %K period parameter.
 
%D = N-period moving average of %K where N is the %D period parameter.
 
%K with %D is sometimes referred to as the Fast Stochastics. %DS and %DSS, sometimes referred to as the Slow Stochastics, have additional smoothing as determined by their respective period parameters. Stochastics can be used to recognize potential turning points to help make entry/exit decisions.
If %K , %D,    and  %DS , %DSS are 7,3,5,2  how do the relate to TC's version ? with only 3 inputs ?
 
thank you
 
TC2000 has 3 inputs and an OFFSET field.
Bruce_L
Posted : Thursday, July 12, 2018 9:21:33 AM


Worden Trainer

Joined: 10/7/2004
Posts: 63,210

Based on an internet search, the Bloomberg Stochastic appears to be a "fast stochastic" with two more moving average lines than in most other software.

Stochastic Oscillator

So you would use the following settings for the Stochastic itself.

- Period: use Bloomberg Stochastic %K
- %K: 1
- Average Type: Simple

The settings for the %D would be as follows.

- Period: use Bloomberg Stochastic %D
- Offset: 0
- Average Type: Simple

Then you would add a moving average to the %D indicator using the following settings.

- Period: use Bloomberg Stochastic %DS
- Offset: 0
- Average Type: Simple
- Label: %DS (and possibly the %DS period).

Then you would add a moving average the %DS indicator using the following settings.

- Period: use Bloomberg Stochastic %DSS
- Offset: 0
- Average Type: Simple
- Label: %DSS (and possibly the %DSS period).

You probably want to set different colors for each of the four indicators.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
kram
Posted : Thursday, July 12, 2018 10:05:32 AM
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Joined: 10/7/2004
Posts: 70

Thanks much !

kram
Posted : Thursday, July 12, 2018 3:40:55 PM
Registered User
Joined: 10/7/2004
Posts: 70

one more question please:

 

is it possible to replicate the bloomberg structure (formula) for TC platform ?

thanks

Bruce_L
Posted : Friday, July 13, 2018 8:52:01 AM


Worden Trainer

Joined: 10/7/2004
Posts: 63,210

Yes, you could write all four lines using formulas.

Bloomberg Stochastic %K line:

STOCk

Bloomberg Stochastic %D line:

STOCk.d

Bloomberg Stochastic %DS line:

AVG(STOCk.d, x)

Bloomberg Stochastic %DSS line:

AVG(AVG(STOCk.d, x), y)

Where k is the Bloomberg Stochastic %K period.
Where d is the Bloomberg Stochastic %D period.
Where x is the Bloomberg Stochastic %DS period.
Where y is the Bloomberg Stochastic %DSS period.

You need to actually replace k,d, x, and y in the formula templates with the periods you want to use when you create a formula based on one of the templates given above.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
kram
Posted : Friday, July 13, 2018 8:59:04 AM
Registered User
Joined: 10/7/2004
Posts: 70

as always, thank you !

Bruce_L
Posted : Friday, July 13, 2018 9:18:03 AM


Worden Trainer

Joined: 10/7/2004
Posts: 63,210

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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