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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: JK who wrote (123)2/11/1998 12:25:00 PM
From: Wayners  Read Replies (2) | Respond to of 927
 
Now I'm confused. The period refers to the number of price bars that get put into the stochastics formula. The program has to know how many periods (i.e. number of closes on past price bars) to use in order to plot it. A stoch based on a period of 3 would use the closing price data on the LAST three price bars in order to calculate today's stochastic value. A stoch 5 would use the close on the last 5 price bars. You get the idea.

The period does not refer the amount of time that is getting plotted say as a price chart. You can plot 3 or 20 days of intraday price data and it has absolutely no effect on what the stochastic graph looks like. If you can't change the period for stochastics on iqc, use alphacharts instead.