DavidE Posted October 12, 2015 Report Share Posted October 12, 2015 Interesting derivation on the Stochastic Indicator. Discussion and formulas in Chapter 13, page 63 of the attached document.https://www.dropbox.com/s/gws829mcqn7lwsz/How%20to%20Make%20Money%20by%20Fast%20Trading.pdf?dl=0 Maybe Mike can sort it out and include it in the indicator collection. Quote Link to comment Share on other sites More sharing options...
0 Mike Medved Posted October 12, 2015 Report Share Posted October 12, 2015 David, when in the formula it says: %K(5.3) - what does it mean? Usually it is a %K of a period, but 5.3 isn't a period, since it is not an integer? Quote Link to comment Share on other sites More sharing options...
0 Mike Medved Posted October 12, 2015 Report Share Posted October 12, 2015 To add: while looking around for Cycle, I found Schiff Trend Cycle indicator - http://www.alltrading.info/technical-analysis/44-indicators-technical-analysis/169-stc-schaff-trend-cycle- would that be useful? Quote Link to comment Share on other sites More sharing options...
0 DavidE Posted October 12, 2015 Author Report Share Posted October 12, 2015 Mike, I think the reference to (5.3) etc. is found in chapter 6, The Triads, where he is proposing a numeric sequence replacement of the Fibonacci numbers but then the balance of the numbers in the equation don't seem to fit. Within the equation itself I think he is indicating that two values for each %K are calculated and combined (should be (5,3) maybe) but it's not very clear. I was thinking that with your experience writing indicators you might be able to sort it out, as confusing as it is. Maybe this is one that should be dropped. As for the Schaff Trend Cycle, I have not seen that one before but it looks interesting as a leading indicator. Based upon what I've just read about it's workings, yes, I think that it would be a useful indicator. If you can add it to the indicator collection that would be great. Thanks for your consideration. Quote Link to comment Share on other sites More sharing options...
0 DavidE Posted November 12, 2015 Author Report Share Posted November 12, 2015 Thank you, looks great! Quote Link to comment Share on other sites More sharing options...
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DavidE
Interesting derivation on the Stochastic Indicator. Discussion and formulas in Chapter 13, page 63 of the attached document.
https://www.dropbox.com/s/gws829mcqn7lwsz/How%20to%20Make%20Money%20by%20Fast%20Trading.pdf?dl=0
Maybe Mike can sort it out and include it in the indicator collection.
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