Translation request: Stochastic Close/Close

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02/19/2018 at 11:33 AM #63132 quote

biwosz
Participant

New

Hi,

In MT4 Stochastic implementation there are two options for “Price Field”:

Low/High

Close/Close

It looks like only first option (Low/High) is implemented in ProRealtime Stochastic. Can I ask for Close/Close option to be implemented as well? (or translated).

Following the article in https://www.forexfactory.com/showthread.php?t=36225

“As far as I can tell, High/Low uses the following formula to calc %K:
100 x (Recent Close – Lowest Low*) / (Highest High* – Lowest Low*)
[* for the last N periods, where N is the %K parameter]

whereas Close/Close uses the following formula to calc %K:
100 x (Recent Close – Lowest Close*) / (Highest Close* – Lowest Close*)”

Not sure if this is correct but I have not found alternative source with correct formula.

Thanks.

02/19/2018 at 2:13 PM #63160 quote
Nicolas
Keymaster

Master
Here is the stochastic code with Close/Close:
```
r=5
q=3
p=14
REM Computes the highest and lowest prices on p bars

hi = highest[p](close)
lo = lowest[p](close)

REM Let's build the oscillator

oscillator = ((close - lo) / (hi - lo) * 100)

REM We can now compute the Stochastic lines

lineK = average[q](oscillator)
lineD = average[r](lineK)

RETURN lineK AS "%K", lineD AS "%D"
```
02/20/2018 at 6:54 PM #63321 quote

biwosz
Participant

New

Many thanks Nicolas, that was really quick! will check it now.

🙂
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Translation request: Stochastic Close/Close

ProBuilder: Indicators & Custom Tools

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biwosz @biwosz Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by biwosz
7 years, 11 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	02/19/2018
Status:	Active
Attachments:	No files

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