  # Stephen

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1. Thanks Mike; I'll watch for it.
2. Those details helped me understand how MT is applying the parameters. So yes, there is a step between 6 and 7. Here's a reference I was able to find on tech analysis site http://www.ta-guru.com/Book/TechnicalAnalysis/TechnicalIndicators/Stochastic.php5 . To quote: %K = 100*(CLOSE(i) - L(n)) / (H(n) - L(n)) [ = MT Main] %D = SMA (%K, 3) [ = MT MA of "Signal" period of Main ] L(n) is the lowest low and H(n) is the highest high value in last n samples. For n is usually taken value of 14. Lines %K and %D obtained using the above defined formula are called fast lines (%K fast, %D fast). %K slow is obtained by calculating SMA of %K fast, while formula for %D fast remains the same except it is applied on %K slow. So %K Slow is a smoothed curve of %K Fast (aka MT Main). %D Slow is then a signal line of %K Slow. Earlier I called the SMA to create %K Slow the "Full average type", and said that it could be SMA or EMA. The ta-guru site says that it is an SMA. I use only SMA for %K Slow and %D Slow in my tech analysis, so I'd be happy if %K Slow, and in turn %D Slow, were calculated in MT solely on SMA. Although the screen in MT does not specify, is it correct to assume that Step 7's Signal line is currently SMA? I've been looking at a lot of stochrsi materials recently, but had not yet seen the ones about ignoring the latest rsi value. I can't really comment on whether there's any trading signal merit to that, other than to say that it seems to be out of compliance with the vision of the original developers of RSI, Stochastic, and StochRSI.
3. I made some assumptions about how MT parameters map to the ones I've used in my own app, and have listed them below. MT period = rsi length - The number of bars with which the RSI is calculated. MT Smoothing = rsi average type - The type of moving average to be used in the calculation of the RSI: simple, exponential, Wilder's. rsi price - The type of price with which the RSI is calculated, typically the close. MT st period = %k period - The period on which the highest and the lowest rsi values are to be found. - slowing_period - The length of the moving average to be applied to %k. This produces the FullK plot line. SMA FullK = (sum of raw stochrsi values over slowing_period) / (slowing_period) signal = %d period - The length of the moving average to be applied to FullK. This produces the FullD plot line. SMA FullD = (sum of FullK values over %d_period) / (%d_period) - Full average type- The type of moving average to be used to calc FullK and FullD: simple or exponential So the two differences I see are that: (1) There should be separate choices for "rsi average type" and "Full average type". EMA, Wilder, and SMA should be choices for "rsi average type"; EMA and SMA for "Full average type." Also, there should be separate screen controls for user selection of each "rsi average type" and "Full average type". For example, user should be able to select EMA for one and SMA for the other. btw, for the years I've used MT and its predecessor, I never knew until now that EMA is implemented when Use Wilder's Smoothing was unchecked. Dropdowns seem to be more useful at reducing ambiguity. (2) slowing_period is a parameter missing from user control in MT