Smoothing Stochastic
Posted: Mar 05 2007
by Rambaldi
Hello,
how can I Smooth the Slow-Stochastic with exponential, i have no experience with Codes?
Thank you!
Rambaldi
Posted: Mar 05 2007
by Stanley Miller
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.
Smoothed Stochastic
Posted: Mar 05 2007
by basscat2
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