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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Stochastics of O, H or L? Is is possible?

Stochastics of O, H or L? Is is possible? Rate this Topic:
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traderlees
Posted : Sunday, May 17, 2009 6:27:11 PM
Registered User
Joined: 1/28/2008
Posts: 7
 Support,
    I know about the STOC function (based on CLOSE), but is there a way to find the stochastics of a different value, such as the Pivot, (H+L+C)/3?  Thanks.

Lee
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Bruce_L
Posted : Monday, May 18, 2009 9:08:03 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Is there a way? Yes. Is it practical? Maybe.

If you wanted to find the raw Stochastic of the Open, it would just be a matter of using the MIN() and MAX() functions on the Open (the following is a 10-Period Stochastic):

Understanding Stochastics
PCF Formula Descriptions

100 * (O - MIN(O,10)) / (MAX(O, 10) - MIN(O, 10) + .0000001)

The MIN() and MAX() functions do not work on formulas or other functions however, so things would get a lot more complicated when attempting to do the same for a Pivot Point (the following is a 8-Period Stochastic):

Min Max PCFs

100 * (O + H + L - (O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3)) + O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) + O6 + H6 + L6 + O7 + H7 + L7 - ABS(O6 + H6 + L6 - O7 - H7 - L7) - ABS(O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7)) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3)) - O4 - H4 - L4 - O5 - H5 - L5 + ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7) + ABS(O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7)))) / 8) / ((O + H + L + O1 + H1 + L1 + ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3) + ABS(O + H + L + O1 + H1 + L1 + ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3)) + O4 + H4 + L4 + O5 + H5 + L5 + ABS(O4 + H4 + L4 - O5 - H5 - L5) + O6 + H6 + L6 + O7 + H7 + L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7) + ABS(O4 + H4 + L4 + O5 + H5 + L5 + ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 - ABS(O6 + H6 + L6 - O7 - H7 - L7)) + ABS(O + H + L + O1 + H1 + L1 + ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3) + ABS(O + H + L + O1 + H1 + L1 + ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3)) - O4 - H4 - L4 - O5 - H5 - L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 - ABS(O6 + H6 + L6 - O7 - H7 - L7) - ABS(O4 + H4 + L4 + O5 + H5 + L5 + ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 - ABS(O6 + H6 + L6 - O7 - H7 - L7)))) / 8 - (O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3)) + O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) + O6 + H6 + L6 + O7 + H7 + L7 - ABS(O6 + H6 + L6 - O7 - H7 - L7) - ABS(O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7)) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) + O2 + H2 + L2 + O3 + H3 + L3 - ABS(O2 + H2 + L2 - O3 - H3 - L3) - ABS(O + H + L + O1 + H1 + L1 - ABS(O + H + L - O1 - H1 - L1) - O2 - H2 - L2 - O3 - H3 - L3 + ABS(O2 + H2 + L2 - O3 - H3 - L3)) - O4 - H4 - L4 - O5 - H5 - L5 + ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7) + ABS(O4 + H4 + L4 + O5 + H5 + L5 - ABS(O4 + H4 + L4 - O5 - H5 - L5) - O6 - H6 - L6 - O7 - H7 - L7 + ABS(O6 + H6 + L6 - O7 - H7 - L7)))) / 8 + .0000001)

You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
Plotting Custom Indicators with Examples
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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