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MTF Indicator math

#1
If i have a 5,3,3 stoch on a 60 min chart
would that same stoch be (60/5=12) 60,36,36?
It looks similar but not quite the same,
is their a way to do this other than using a MTF indicator?


Re: MTF Indicator math

#2
society wrote:
Sun Jun 18, 2017 7:13 am
If i have a 5,3,3 stoch on a 60 min chart
would that same stoch be (60/5=12) 60,36,36?
It looks similar but not quite the same,
is their a way to do this other than using a MTF indicator?
If you means with these values (60,36,36) on M5 equal to mtf H1 with values (5,3,3) - no they will not be same result wise
and
on H1 chart with values (20,12,12) - is not equal to mtf H4 (5,3,3) result wise
i think every indicator is calculated/comparing its current value with its previous bar/s value - not with time - but experts can better explain us

Re: MTF Indicator math

#3
mntiwana wrote:
Sun Jun 18, 2017 7:34 am
society wrote:
Sun Jun 18, 2017 7:13 am
If i have a 5,3,3 stoch on a 60 min chart
would that same stoch be (60/5=12) 60,36,36?
It looks similar but not quite the same,
is their a way to do this other than using a MTF indicator?
If you means with these values (60,36,36) on M5 equal to mtf H1 with values (5,3,3) - no they will not be same result wise
and
on H1 chart with values (20,12,12) - is not equal to mtf H4 (5,3,3) result wise
i think every indicator is calculated/comparing its current value with its previous bar/s value - not with time - but experts can better explain us
Hi,
The stoch was invented by Lane I believe in the mid 1950-1960s
%K = 100(C - L14)/(H14 - L14)
example for 14.3.3:

Where:
C = the most recent closing price
L14 = the low of the 14 previous trading sessions
H14 = the highest price traded during the same 14-day period
%K= the current market rate for the currency pair
%D = 3-period moving average of %K

It works on the location of the closing price of a stock in relation to the high and low range of the price of a stock over a period of time.

I may be wrong,Mladen would be the go-to guru to explain this.
Kindest Regards
AussieBeau


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