I use the Worden Stocastics with default settings (12 %K3 %D5). I know that the Worden Stocastic is a proprietary item, but I would like to get a STOC cross that is close to the Worden version, and I would like to paint a dot over the candlestick when that cross occurs. I saw a discussion recently of how to simulate changing the color of candlesticks for inside bars and that got me thinking that it would be great if I could do something like that for the Worden Stocastic crosses. Is that possible?

In fact, I think it would be great if the development team would add a few conditional color selections for the candlestick based on a condition for each in the Edit for Price History, maybe in a future release.

You need to be able to create a formula to be able use this technique. As the Worden Stochastic is a proprietary indicator, it is not possible to create a formula for this. That said, we might be able to approximate things to some extent.

For example you could try something similar to the following as the Formula in a Custom PCF Indicator using the Dot Plot Style for crossups:

H * ABS(SGN(4 * (SGN(C - C1) + SGN(C - C2) + SGN(C - C3) + SGN(C - C4) + SGN(C - C5) + SGN(C - C6) + SGN(C - C7) + SGN(C - C8) + SGN(C - C9) + SGN(C - C10) + SGN(C - C11)) + 3 * (SGN(C1 - C2) + SGN(C1 - C3) + SGN(C1 - C4) + SGN(C1 - C5) + SGN(C1 - C6) + SGN(C1 - C7) + SGN(C1 - C8) + SGN(C1 - C9) + SGN(C1 - C10) + SGN(C1 - C11) + SGN(C1 - C12)) + 2 * (SGN(C2 - C3) + SGN(C2 - C4) + SGN(C2 - C5) + SGN(C2 - C6) + SGN(C2 - C7) + SGN(C2 - C8) + SGN(C2 - C9) + SGN(C2 - C10) + SGN(C2 - C11) + SGN(C2 - C12) + SGN(C2 - C13)) - 3 * (SGN(C3 - C4) + SGN(C3 - C5) + SGN(C3 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14)) - 3 * (SGN(C4 - C5) + SGN(C4 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14) + SGN(C3 - C15)) - 2 * (SGN(C5 - C6) + SGN(C5 - C7) + SGN(C5 - C8) + SGN(C5 - C9) + SGN(C5 - C10) + SGN(C5 - C11) + SGN(C5 - C12) + SGN(C5 - C13) + SGN(C5 - C14) + SGN(C5 - C15) + SGN(C5 - C16)) - (SGN(C6 - C7) + SGN(C6 - C8) + SGN(C6 - C9) + SGN(C6 - C10) + SGN(C6 - C11) + SGN(C6 - C12) + SGN(C6 - C13) + SGN(C6 - C14) + SGN(C6 - C15) + SGN(C6 - C16) + SGN(C6 - C17))) > SGN(4 * (SGN(C1 - C2) + SGN(C1 - C3) + SGN(C1 - C4) + SGN(C1 - C5) + SGN(C1 - C6) + SGN(C1 - C7) + SGN(C1 - C8) + SGN(C1 - C9) + SGN(C1 - C10) + SGN(C1 - C11) + SGN(C1 - C12)) + 3 * (SGN(C2 - C3) + SGN(C2 - C4) + SGN(C2 - C5) + SGN(C2 - C6) + SGN(C2 - C7) + SGN(C2 - C8) + SGN(C2 - C9) + SGN(C2 - C10) + SGN(C2 - C11) + SGN(C2 - C12) + SGN(C2 - C13)) + 2 * (SGN(C3 - C4) + SGN(C3 - C5) + SGN(C3 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14)) - 3 * (SGN(C4 - C5) + SGN(C4 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14) + SGN(C3 - C15)) - 3 * (SGN(C5 - C6) + SGN(C5 - C7) + SGN(C5 - C8) + SGN(C5 - C9) + SGN(C5 - C10) + SGN(C5 - C11) + SGN(C5 - C12) + SGN(C5 - C13) + SGN(C5 - C14) + SGN(C5 - C15) + SGN(C5 - C16)) - 2 * (SGN(C6 - C7) + SGN(C6 - C8) + SGN(C6 - C9) + SGN(C6 - C10) + SGN(C6 - C11) + SGN(C6 - C12) + SGN(C6 - C13) + SGN(C6 - C14) + SGN(C6 - C15) + SGN(C6 - C16) + SGN(C6 - C17)) - (SGN(C7 - C8) + SGN(C7 - C9) + SGN(C7 - C10) + SGN(C7 - C11) + SGN(C7 - C12) + SGN(C7 - C13) + SGN(C7 - C14) + SGN(C7 - C15) + SGN(C7 - C16) + SGN(C7 - C17) + SGN(C7 - C18))))

And something similar to the following to check for crossdowns:

L * ABS(SGN(4 * (SGN(C - C1) + SGN(C - C2) + SGN(C - C3) + SGN(C - C4) + SGN(C - C5) + SGN(C - C6) + SGN(C - C7) + SGN(C - C8) + SGN(C - C9) + SGN(C - C10) + SGN(C - C11)) + 3 * (SGN(C1 - C2) + SGN(C1 - C3) + SGN(C1 - C4) + SGN(C1 - C5) + SGN(C1 - C6) + SGN(C1 - C7) + SGN(C1 - C8) + SGN(C1 - C9) + SGN(C1 - C10) + SGN(C1 - C11) + SGN(C1 - C12)) + 2 * (SGN(C2 - C3) + SGN(C2 - C4) + SGN(C2 - C5) + SGN(C2 - C6) + SGN(C2 - C7) + SGN(C2 - C8) + SGN(C2 - C9) + SGN(C2 - C10) + SGN(C2 - C11) + SGN(C2 - C12) + SGN(C2 - C13)) - 3 * (SGN(C3 - C4) + SGN(C3 - C5) + SGN(C3 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14)) - 3 * (SGN(C4 - C5) + SGN(C4 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14) + SGN(C3 - C15)) - 2 * (SGN(C5 - C6) + SGN(C5 - C7) + SGN(C5 - C8) + SGN(C5 - C9) + SGN(C5 - C10) + SGN(C5 - C11) + SGN(C5 - C12) + SGN(C5 - C13) + SGN(C5 - C14) + SGN(C5 - C15) + SGN(C5 - C16)) - (SGN(C6 - C7) + SGN(C6 - C8) + SGN(C6 - C9) + SGN(C6 - C10) + SGN(C6 - C11) + SGN(C6 - C12) + SGN(C6 - C13) + SGN(C6 - C14) + SGN(C6 - C15) + SGN(C6 - C16) + SGN(C6 - C17))) < SGN(4 * (SGN(C1 - C2) + SGN(C1 - C3) + SGN(C1 - C4) + SGN(C1 - C5) + SGN(C1 - C6) + SGN(C1 - C7) + SGN(C1 - C8) + SGN(C1 - C9) + SGN(C1 - C10) + SGN(C1 - C11) + SGN(C1 - C12)) + 3 * (SGN(C2 - C3) + SGN(C2 - C4) + SGN(C2 - C5) + SGN(C2 - C6) + SGN(C2 - C7) + SGN(C2 - C8) + SGN(C2 - C9) + SGN(C2 - C10) + SGN(C2 - C11) + SGN(C2 - C12) + SGN(C2 - C13)) + 2 * (SGN(C3 - C4) + SGN(C3 - C5) + SGN(C3 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14)) - 3 * (SGN(C4 - C5) + SGN(C4 - C6) + SGN(C3 - C7) + SGN(C3 - C8) + SGN(C3 - C9) + SGN(C3 - C10) + SGN(C3 - C11) + SGN(C3 - C12) + SGN(C3 - C13) + SGN(C3 - C14) + SGN(C3 - C15)) - 3 * (SGN(C5 - C6) + SGN(C5 - C7) + SGN(C5 - C8) + SGN(C5 - C9) + SGN(C5 - C10) + SGN(C5 - C11) + SGN(C5 - C12) + SGN(C5 - C13) + SGN(C5 - C14) + SGN(C5 - C15) + SGN(C5 - C16)) - 2 * (SGN(C6 - C7) + SGN(C6 - C8) + SGN(C6 - C9) + SGN(C6 - C10) + SGN(C6 - C11) + SGN(C6 - C12) + SGN(C6 - C13) + SGN(C6 - C14) + SGN(C6 - C15) + SGN(C6 - C16) + SGN(C6 - C17)) - (SGN(C7 - C8) + SGN(C7 - C9) + SGN(C7 - C10) + SGN(C7 - C11) + SGN(C7 - C12) + SGN(C7 - C13) + SGN(C7 - C14) + SGN(C7 - C15) + SGN(C7 - C16) + SGN(C7 - C17) + SGN(C7 - C18))))

And the results might be close, but not exact. The dots may be off by a bar or two, appear when there isn't a cross or not appear when there is a cross. It is probably as close of an approximation as I will be able to provide however and should be better than just using Stochastics to try and duplicate a Worden Stochastic.

Thank you for your suggestion. It has been assigned case number 10057.

Bruce,

This works pretty darn well. It makes a great uncluttering visual aid for following the Worden Stocastic crossovers. I tried to post a screen shot, but I got a rendering error. Thanks again for all your good work.

Good God look at that formula.

Talk about wasted cpu cycles.

Would infecciency be understatement of the year?

The SGN() function is actually more computationally efficient than sort for creating percentile ranks.

In TC2000 version 12, add Stochastics to your chart and edit to set the period = 40, %K = 5 and %D = 10.

Cick on Stochastics and then select Create Scan Condition.  Set the condition to "Stochastics 40 % K 5 Crossing Up %D 10".

You can Save the condition to your Condition library or add it directly to a scan or to a watchlist as a sort.

As StockGuy indicated, the best way to do this is by adding the indicator to you chart, adjust the settings as desired and then click on the indicator to select Create Scan Condition.

The long formula given above is designed for use with a Worden Stochastic. If you are interested in a standard stochastic instead of a Worden Stochastic, the formulas are more straighforward.

For example, a Condition Formula for a Simple Stochastic 40,5,10 %K crossing up through %D could be written as:

STOC40.5 > AVG(STOC40.5,10) AND STOC40.5.1 <= AVG(STOC40.5.1,10)

%K crossing down through %D reverses the > and < signs:

STOC40.5 < AVG(STOC40.5,10) AND STOC40.5.1 >= AVG(STOC40.5.1,10)

We could check for crossovers in either direction using the following (which cannot be done by using Create Scan Condition):

SGN(STOC40.5 - AVG(STOC40.5,10)) <> SGN(STOC40.5.1 - AVG(STOC40.5.1,10))

A Condition Formula for an Exponential Stochastic 40,5,10 %K crossing up through %D could be written as:

XAVG(STOC40,5) > XAVG(STOC40,10) AND XAVG(STOC40.1.1,5) <= XAVG(STOC40.1.1,10)

%K crossing down through %D reverses the > and < signs:

XAVG(STOC40,5) < XAVG(STOC40,10) AND XAVG(STOC40.1.1,5) >= XAVG(STOC40.1.1,10)

We could check for crossovers in either direction using the following (which cannot be done by using Create Scan Condition):

SGN(XAVG(STOC40,5) - XAVG(STOC40,10)) <> SGN(XAVG(STOC40.1.1,5) - XAVG(STOC40.1.1,10))

Understanding Stochastics
Cascades of Moving Averages