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Registered User
Joined: 12/13/2006
Posts: 7
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My scan results yield stocks that visually do not appear to meet the scan criteria. In particular, I’m scanning for stochastic levels <=40 for pcf settings of 8 (period) and 3 (SK period).
Yet when I look at the stochastics chart shown in the middle window with the same settings, many of the stocks have stochastics levels that are >40. Parenthetically, the middle window indicator has an SD period set to 3; the pcf doesn’t provide for a SD period setting. But that shouldn’t make a difference because I’m only interested in the SK.
I’ve updated the pcf and made sure I’m looking at the most recent daily bar for both the pcf and the middle window chart, but they still don’t match, in many cases they’re not even close.
What accounts for this?
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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What is the PCF exactly?
Is your plotted stoc simple or exponential?
Your PCF has to match your stoc settings perfectly.
Are you looking at a daily chart?
- Craig
Here to Help!
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Registered User
Joined: 3/30/2005
Posts: 6
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Craig,
I'm having the same issue as sjmultra.
The STO 21,21,10 (exponential) in my chart is represented in my PCF as (STOC21.21 > XAVG(STOC21.21,10)) AND (STOC21.21.1 < XAVG(STOC21.21.1,10)). I've included this PCF in an EasyScan but have visual results that show the SD crossing below the SK and in many stocks appear to have crossed 1-4 days ago. I realize the stochastic is an average that is being smoothed, but I'm looking for a way to represent what I see on the chart.
Thanks in advance for your input.
Rick
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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rdimicco,
STOC21.21 is based on Simple Smoothing. XAVG(STOC21.21,10) is mixed in that the SK Line is Simple and then Exponentially Smoothed to get the SD Line. In the charted Stochastic, both lines are Exponentially Smoothed. Please try the following instead:
Exponential Stochastic 21,21,10 SK xDown SD:
XAVG(STOC21,21) > XAVG(STOC21,10) AND XAVG(STOC21.1.1,21) <= XAVG(STOC21.1.1,10)
Exponential Stochastic 21,21,10 SK xUp SD:
XAVG(STOC21,21) < XAVG(STOC21,10) AND XAVG(STOC21.1.1,21) >= XAVG(STOC21.1.1,10)
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Understanding Stochastics
Cascades of Moving Averages
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/30/2005
Posts: 6
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Bruce,
Thanks so much for the explanation and formula. I plugged it into my easy scan and all 149 results are showing visually what I've been trying to capture.
Hoping this helps sjmultra also.
Rick
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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rdimicco,
You're welcome. Our pleasure.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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