Dislikedprbly sme pretty es 49 to 50 pip bngers frm ystrdys lw to wp ,,, good spt to take a little prft if you swung from ystrdys lowIgnored
Nice trading hocius, you nailed that entry on the low there bud!
7
"AUSSI" my thread and anything I want to put here
- #18,764
- Feb 25, 2021 10:26am Feb 25, 2021 10:26am
Evening everyone hope all is making green (money that is) 
If i can look stupid and ask a question please .Doing some research on the stochastic indicator and it's about the settings I've been messing about with it last couple of weeks ,we have 3 settings on it default settings are 14,3,3 pretty sure, the first one 14 is the amount of periods you want to check ,14 would be last 14 candles say, the next 3 is the simpler moving average also the trigger or signal line correct ? the last setting 3 I'm finding difficulty with any input is appreciated 
If i can look stupid and ask a question please .Doing some research on the stochastic indicator and it's about the settings I've been messing about with it last couple of weeks ,we have 3 settings on it default settings are 14,3,3 pretty sure, the first one 14 is the amount of periods you want to check ,14 would be last 14 candles say, the next 3 is the simpler moving average also the trigger or signal line correct ? the last setting 3 I'm finding difficulty with any input is appreciated - #18,765
- Feb 25, 2021 10:47am Feb 25, 2021 10:47am
- Joined Nov 2018 | Status: Trader | 3,014 Posts
Evening everyone hope all is making green (money that is)
- #18,768
- Edited 1:01pm Feb 25, 2021 12:50pm | Edited 1:01pm
Evening everyone hope all is making green (money that is)
In MT4 you can choose 3 basic values:
%K - number of the look-back calculation periods,
%D - the number of the periods for moving average which calculates moving average from %K,
slowing number - which is simpe moving average of %K. It just smoothes the %K values.
For example, if slowing number is 1 it just means it calculates %K by formula. And it is called fast stochastics.
If you put slowing number 2 it just means that it calculates %K values by formula and then smoothes it with 2period SMA.
And so, it smoothes %K calculation and that in turn affects %D calculation.
Very simple
- #18,769
- Feb 25, 2021 1:46pm Feb 25, 2021 1:46pm
{quote} It is so called a fully customizable version of the Slow Stochastic Oscillator. In MT4 you can choose 3 basic values: %K - number of the look-back calculation periods, %D - the number of the periods for moving average which calculates moving average from %K, slowing number - which is simpe moving average of %K. It just smoothes the %K values. For example, if slowing number is 1 it just means it calculates %K by formula. And it is called fast stochastics. If you put slowing number 2 it just means that it calculates %K values by formula and...
make sense
cheers mate
- #18,770
- Feb 25, 2021 1:52pm Feb 25, 2021 1:52pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
Evening everyone hope all is making green (money that is)
I think a nice way to remember would be lower the tf larger the last number just because their is so many more movements that happen in small tf. I remember diggz told me on the m1 to have it at about 150 for the last value and it made it look as I was watching the m15 stoc
Don't quote me but . I think the very fast stochs may be beneficial when dealing with daily and weekly and monthly tfs.
- #18,771
- Feb 25, 2021 2:08pm Feb 25, 2021 2:08pm
{quote} Hey brother I was going to comment earlier but wanted to make sure not to confuse you even more lol I believe H and Bigijs are right, but the way I've been made to understand is the last number is an added smoothing factor and helps to filter out the noise that the signal would produce. If the last number is 1, signal will react quickly with price fluctuations, the larger the last number is the larger the said price fluctuation would have to be to produce a large movement in stoch. Hope this makes sense. Below I just twaeked it to show you,...
Gotcha
thanks R bro....I'm getting it making sense {quote} Bigijs thanks mate for explanation just to clarify for talking sake settings are 14,3,3,... 14 is look back period %K, 3 is %D look back period for moving average between %K and %D and last 3 is simple number to just smooth out %K If your settings were say 64,23,5,.... then....look back period %K is 64...,23%D is the difference of periods of moving average between %K and %D ...and the smoothing out of %K and %D is a simple moving average which would be 5 make sense cheers mate
In my example - stoch (34,6,2):
1st step - calculation of %K values:
%K 34 = (Current Close - Lowest Low of the last 34 periods)/(Highest High of the last 34 periods - Lowest Low of the last 34 periods) * 100
2nd step - smoothing %K values:
Slow 2 %K 34 = %K 34 values smoothed with 2 SMA --------------------- blue line on my chart
3rd step - calculation of %D:
%D 6 = Slow 2 %K 34 smoothed with 6 SMA ---------------------- red line on my chart
I hope this helps
- #18,774
- Feb 25, 2021 2:32pm Feb 25, 2021 2:32pm
- Joined Nov 2018 | Status: Trader | 3,014 Posts
BTW, let me share with you guys one indicator I use and I think can help a lot some of you. It helps not only to keep track of different session opens but to also watch the reaction around that levels. Thank you Tzamo for modifying it with the custom panel 
- #18,775
- Feb 25, 2021 2:40pm Feb 25, 2021 2:40pm
{quote} I would say like this, stoch is a momentum indicator and it shows the location of the close relative to the high-low range over a set number of periods. In my example - stoch (34,6,2): 1st step - calculation of %K values: %K 34 = (Current Close - Lowest Low of the last 34 periods)/(Highest High of the last 34 periods - Lowest Low of the last 34 periods) * 100 2nd step - smoothing %K values: Slow 2 %K 34 = %K 34 values smoothed with 2 SMA --------------------- blue line on my chart 3rd step - calculation of %D: %D 6 = Slow 2 %K 34 smoothed...
Brilliant Bigijs
clear explanation, knowing what is and why was homework for me - #18,776
- Feb 25, 2021 2:52pm Feb 25, 2021 2:52pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
So today a bit messy with only webtrader lol, hard to analyze anything with that shit but Digg charts helped. Back home, checking bigger charts and todays play starting to make sense. If gold keeps pushing down and breaks last q low and last weeks low, next big level I'm watching is 1730-40. {image} {image} {image}
. Last cross on 200 SMA lead to a 1000 pip drop within a week so as said will be interesting seeing as price is under a lot of shit at the moment and month candle will be closing tomorrow. Weekly stoch looks as if more downwards to come. Anyways thanks for the indicator will add it when I get home thats all I was missing lol. Finally got myself to put D M and W open lines. Will post that indi if anyone needs when I get home and then added lw high and lo since diggz kept emphasizing my need for it lol. See ya round asia brother and best regards to Grams.
- #18,777
- Feb 25, 2021 5:21pm Feb 25, 2021 5:21pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
