Full stochastics
- TJ
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both Fast and Slow Stochastic indicators that come with MC are FULL stochastics.
see here for more information on stochstics
http://stockcharts.com/school/doku.php? ... oscillator
see here for more information on stochstics
http://stockcharts.com/school/doku.php? ... oscillator
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- Bruce DeVault
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According to some commonly used definitions, the difference between a slow and full stochastic is that a slow %k by definition is a 3 bar SMA of fast %k, while a full %k can be any period SMA of a fast %k. This is a matter of convention, and most platform vendors have simply made it adjustable (and thus, a full stochastic) rather than enforcing that it's 3, as it was originally defined for what a slow %k would be.
So, in this sense, if you accept that a "slow %k" is adjustable in period, you're really talking about a "full %k" according to the above definition, and there's no separate indicator required. You've simply elected to use slow %k in a way different than it was originally envisioned (which was a specifically 3 period smoothing).
For an outside reference on this, try looking up stochastic oscillators on stockcharts.com or any of a number of technical analysis websites.
So, in this sense, if you accept that a "slow %k" is adjustable in period, you're really talking about a "full %k" according to the above definition, and there's no separate indicator required. You've simply elected to use slow %k in a way different than it was originally envisioned (which was a specifically 3 period smoothing).
For an outside reference on this, try looking up stochastic oscillators on stockcharts.com or any of a number of technical analysis websites.