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Registered User
Joined: 3/7/2005
Posts: 23
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Greetings!
On my chart, I have an indicator that is labeled "Stochastics (12,5,3)". That indicator gives me two lines. I am having a hard time understanding how those numbers correspond to the Stochastics function in PCFs, which, IIRC, only takes two arguments. How would I write a PCF that tells me when the faster-moving of the two lines crosses over the slower-moving one? For the sake of this post, let's limit it to an upward crossing.
Thanks very much!
Rob
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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One trick is to make the SD parameter 1. By doing so, you will only see one line on your stochastics plot. Then, say your normal SD parameter was a 3, just plot a 3 day moving average of your stochastics line. This will mimic what would have appeared had you used a 3 as your SD parameter. Now you can sort the stochastics compared to the moving average of stochastics, and you'll find your crossovers.
Here is a video that I think you'll find helpful:
Sorting with Stochastics
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You may also find this video and the PCF templates under it helpful:
Understanding Stochastics
- Craig
Here to Help!
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