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Hello everyone,
Yes, Stochastic Indicator is inbuilt with Metastock but i require the formula with some tweak. Anyone who has used or have knowledge of MT4 will notice that that there is an option namely "Price Field" which can be either set to Close/Close or Low/High. As i could interpret Metastock uses Low/High settings. Can someone please replace Low/High with Close/Close.
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Rank: Advanced Member
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Hi Nishant
I copied the following text formula from the MS 11 EOD PDF User Manual. I trust this helps.
Stochastic Oscillator
The following formula calculates a 5-period %K Stochastic Oscillator with 3-period slowing:
(sum( c - llv(l,5), 3 ) / sum(hhv(h,5) - llv(l,5), 3) ) * 100
After creating a new indicator for this code and then closing the indicator you can extract the code (as saved) and get a more easily read version (same code but with capital letters in the appropriate places). I'm always suspicious of MS code that has lowercase letters - it suggests that the code has been typed and may therefore contain syntax errors. Hopefully that's not true of the PDF user manual.
(Sum( C - LLV(L,5), 3 ) / Sum(HHV(H,5) - LLV(L,5), 3) ) * 100
Roy
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 1 user thanked mstt for this useful post.
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Rank: Advanced Member
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Joined: 3/9/2007(UTC)
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Thank you so much Roy!.. that did help immensely..
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