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
2If 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 wisesociety 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?
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
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: MTF Indicator math
3Hi,mntiwana wrote: Sun Jun 18, 2017 7:34 am 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
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