Registered User
Joined: 12/17/2008
Posts: 5
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Hi there trainers! I really appreciate your help, knowledge and wisdom. Wonderful videos, really enjoy them. Right now I wish anyone of you can help me with my very own specific formulas for Stochastics...or something that come close to it...not sure if it is possible in one formula or charts.
I would like to create Stochastics indicator that shows oversold scenario like below 20 and turning up or about to...but the catch is that...have the DAILY, WEEKLY and if possible MONTHLY all three indicators that are showing at the very bottom...ie...all of them oversold...the DAILY, the WEEKLY and the MONTHLY showing all oversold at the very bottom (the %SK is pointing above the %SD...)
I have been using the (STOC14.3 < 20) AND (STOC14.3.1 < STOC14.3 )...but when I go to WEEKLY and MONTHLY...sometimes...WEEKLY and MONTLY charts does not shows them as oversold conditions...sometimes...it is way overbought...or too high...or in the middle climbing up...so I just want to know if it is possible to create my desire ideals to have all THREE as being way oversold and about to point up...if I can have this...I don't need anything else. lol
And another formula that is the same conditions but in a situation that is overbought scenario...I wish to have the DAILY, WEEKLY, MONTHLY all above 80 or higher...way overbought...all of them shows as being overbought.
This is what I use for overbought...but I want 3 charts to shows as above 80 or about to roll over...IS THIS POSSIBLE? if so, this is FANTASTIC and WONDERFUL!!! THAT IS ALL I NEED.
(STOC14.3 > 80) AND (STOC14.3.1 > STOC14.3 )
p.s. Is there a book out there you can recommend for me to read about Stochastics indicator? Seems like there are no authors out there who talks exclusively on this specific topic? For beginner who do not know how to make their own formula....where do we go and learn the language...seems to me like TeleChart...we need to know about programming language or something? If we want to know how to make our own formulas. What programming language do you guys learn to get to where you are today? As I am very impressed by the knowledge of formulas you trainers provide to the members who request for specific conditions. So I wish to know what programming language did you learn if there is any.
Thank you very much for reading and helping me in whatever you can. I hope I do not give you all too much trouble with my requests.
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Registered User
Joined: 12/21/2008
Posts: 3
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Any trainers know the answers to this one? I would love to have a PCF for this one. I wonder if this is possible to do? I am new member
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Registered User
Joined: 1/28/2005
Posts: 6,049
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If I understand what your asking. You should be able to just
increase the days.
You are using 14 (for 14 days)
Weekly would be 14*5=70 (for 70 days)
Monthly would be 14*21= (for 294 days)
Combine the conditions with an "and" to test if true.
(daily true)AND(weekly true)AND(monthly true)
Thanks
diceman
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Registered User
Joined: 12/21/2008
Posts: 3
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Thanks DICEMAN! so, if I am correct...this is what I have for the PCF:
OVERSOLD CONDITION:
DAILY, WEEKLY, MONTHLY
((STOC14.3 <= 20) AND (STOC14.3.1 <= STOC14.3 )) AND ((STOC70.3 <= 20) AND (STOC70.3.1 <= STOC70.3 )) AND ((STOC294.3 <= 20) AND (STOC294.3.1 <= STOC294.3 ))
trying to fine tune the formula to meet my EXACT requirement....could you please explain to me:
"You are using 14 (for 14 days)
Weekly would be 14*5=70 (for 70 days)
Monthly would be 14*21= (for 294 days)"
why weekly we have to times by 5, and monthly times by 21?
Is it because there are 5 trading days in a week? and 21 trading days in a month? I think this is the case, but I just want to be sure. I am VERY NEW...please forgive my ignorance.
Once I have my OVERSOLD and OVERBOUGHT conditions for DAILY, WEEKLY, MONTHLY, how do I combine both of them in one chart together? so that I see it in one chart instead, make it two seperate charts?
I just want to thank you in advance for reading my post and for your help!
What kind of charts, indicators do you use for yourself? I want to learn more from others and what methods they use.
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