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


To: JK who wrote (261)2/26/1998 2:16:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 927
 
Message to Wayne Von Scoyoc

I am using the following link which allows one to input
period for stochastics. I have been having a little difficulty
matching your 5 day readings. What can I do to get agreement.

cbs.marketwatch.com

Thanks a lot.

Dave S



To: JK who wrote (261)2/26/1998 3:12:00 PM
From: Wayners  Read Replies (1) | Respond to of 927
 
You are right. The top of the gap is $36. $32.50 is the resistance from the previous day's low. I still wouldn't buy SMOD for a short term flip until I see my moving average go neutral or at least positive.

I went and looked at the iqc site. You can't adjust the stochastic there to match mine--the 5 day. Use the CBS Market Watch Site. There you can adjust the stochastic for a period of 5 days and you'll get the same line as me. The 5 day stochastic is the green line. The red line is a moving average of the green line.

Stochastics uses two inputs to calculate it. One is %K and the other is %D. A 5 day stochastic has a %K of 5. I use a %D of 3. Although the CBS site doesn't allow an input for %D I guarantee the stochastic green line is the same as mine. The default value for %K and %D at the iqc site aren't anywhere low enough to the 5 and 3 levels. They use defaults in the 70 to 80 range! Use the CBS site.