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Registered User
Joined: 12/1/2004
Posts: 2
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Hi,
From what I can see, Telechart uses Full Stochastics with 3 parameters. I would like to have a simple Slow Stochastic with just 2 parameters (10,3). Is this possible, and if not, what is the closest way for me to set up a 3 parameter stochastic (n,n,n) to give results similar to a Slow stochastic coded as (10,3).
Thanks, Jim H.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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TeleChart uses a Full Stochastic. The settings for Stochastics available in TeleChart include the Period, SK Period, SD Period and Average Type. Full Stochastics can be used to reproduce both Fast and Slow Stochastics.
Full Stochastic (x,1,y) = Fast Stochastic (x,y)
Full Stochastic (x,y,y) = Slow Stochastic (x,y)
There are other interpretations as well. You may wish to review the following:
Slow Stochastics
Understanding Stochastics
You should have a two lines when the SD Period is not set to 1. If you want a Slow Stochastic with a single line, you may wish to uncheck visible on the Stochastic and apply a 1-Period Simple Moving Average as a Child Indicator.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/1/2004
Posts: 2
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thank you
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 27
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Registered User
Joined: 10/7/2004
Posts: 27
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Bruce:
Reviewing this thread confused me.
How do I code the EL just to say SLOW STO has to be less than say, 70?
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Registered User
Joined: 10/7/2004
Posts: 27
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let me try all over again...
How do I code a PCF to simply say FAST stochastics has to be less than 70?
Thanks!
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