Smoothing Stochastic

Questions about MultiCharts and user contributed studies.
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Smoothing Stochastic

Postby Rambaldi » 05 Mar 2007


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

Thank you!


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Stanley Miller
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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.

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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?


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Andrew Kirillov
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Postby Andrew Kirillov » 07 Mar 2007

See attachment please
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