Smoothing Stochastic

Questions about MultiCharts and user contributed studies.
Rambaldi
Posts: 1
Joined: 01 Mar 2007

Smoothing Stochastic

Postby Rambaldi » 05 Mar 2007

Hello,

how can I Smooth the Slow-Stochastic with exponential, i have no experience with Codes?

Thank you!

Rambaldi

User avatar
Stanley Miller
Posts: 556
Joined: 26 Jul 2005
Has thanked: 3 times

Postby Stanley Miller » 05 Mar 2007

You can create a custom indicator or just apply Moving Average Exponential indicator and enter RSI(close,14) as a price input (instead of close). Then you can drop both indicators on the same subchart in necessary.

basscat2
Posts: 11
Joined: 26 Feb 2007

Smoothed Stochastic

Postby basscat2 » 05 Mar 2007

I too am interested in this feature. Another software vendor offers, with the click of a box, to display stochastic as simple, exponential, or smoothed.

My understanding is is smoothed is very close to exponential Here are the differences:

Exponential = Previous Average + ((Current Value - Previous Average) / Alpha)
where Alpha = (N+1)/2

Smoothed = Previous Average + ((Current Value - Previous Average) / Alpha)
where Alpha = N

The parameter N is greater than or equal to 1. If the parameter entered is less than 1, then invert the parameter using N = 1 / parameter.

Since stochastic is a reserved word (at least that's my understanding), how would you incorporate this Smoothed type into EL when using stochastic as part of a signal?

Thanks

User avatar
Andrew Kirillov
Posts: 1589
Joined: 28 Jul 2005
Has thanked: 2 times
Been thanked: 31 times
Contact:

Postby Andrew Kirillov » 07 Mar 2007

See attachment please
Attachments
StochExpSmoothed.xml
(44.01 KiB) Downloaded 589 times


Return to “MultiCharts”