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Snap back with stochastics Rate this Topic:
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kippers
Posted : Monday, April 22, 2013 9:18:01 AM
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Joined: 6/18/2012
Posts: 24

 

 
 
Hi, I need a snap back pcf based on stochastics  so I can use Elliot's snap back feature in conjunction with a pullback to the 20 day sma (on a 2 day chart). So, for long, I would need this for the slow stochastic (period = 8, %K = 5) being above the midline (50%), with the fast stochastic (5,3) below the midline (50%). There should be a 25% min difference between the two stochastics. Can you help please?Many thanks, Mike
 
Bruce_L
Posted : Monday, April 22, 2013 9:30:34 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I'm not sure if you actually mean a "slow stochastic" in which case the Condition Formula would be:

AVG(STOC8.3,5) > 50 AND STOC5.3 < 50 AND AVG(STOC8.3,5) - STOC5.3 >= 25

Or if you just mean the STOC8.3 is slower than STOC5.3 in which case the Condition Formula for a Simple Stochastic would be:

STOC8.5 > 50 AND STOC5.3 < 50 AND STOC8.5 - STOC5.3 >= 25

Understanding Stochastics



-Bruce
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stav1
Posted : Monday, April 22, 2013 1:35:40 PM
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Joined: 4/23/2012
Posts: 10

Thanks Bruce - your a star! (It was actually a slower stochastic I meant).

Bruce_L
Posted : Monday, April 22, 2013 1:36:44 PM


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Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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