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Registered User
Joined: 1/23/2012
Posts: 8
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Hi Bruce-
One of the indicators I use is Stoch 85 %K 14
Could you please create a formula that tells me the slope of this indicator for a 1 day period, and one for a 5 days period.
Thank you in advanced.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Assuming it is a Simple Stochastic 85, 14, the net change over 1 bar would be as follows.
STOC85.14 - STOC85.14.1
While the net change over 5 bars would be as follows.
STOC85.14 - STOC85.14.5
Understanding Stochastics
-Bruce
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Registered User
Joined: 1/23/2012
Posts: 8
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Thank you very much!!
Regards.
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Registered User
Joined: 1/23/2012
Posts: 8
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Bruce we need to divide STOC85.14 - STOC85.14.5 by 5 correct?
(STOC85.14 - STOC85.14.5)/5
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Only if you want the rate to be directly comparable with the 1 period version (if you are only comparing it to other 5 period net changes it doesn't matter). Another possibility to use in this case then would be 6 period linear regression slope (it covers the same period of time as a 5 period net change).
(5 * (STOC85.14 - STOC85.14.5) + 3 * (STOC85.14.1 - STOC85.14.4) + STOC85.14.2 - STOC85.14.3) / 35
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
-Bruce
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Registered User
Joined: 1/23/2012
Posts: 8
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Perfect. Thanks again.
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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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