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Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT
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This is the formula for Stochastics w TDC
Per1:=Input("length of stoch",1,100,14); Per2:=Input("length of ma",1,100,3); Per3:=Input("length of ma2",1,100,3); factor:=Input("TFactor", 0, 1000, 1); offset:=Input("Offset", 0, 1000, 0); HD:=ExtFml("PowerPivots.TDataCreate",1, factor); LD:=ExtFml("PowerPivots.TDataCreate",2, factor); CD:=ExtFml("PowerPivots.TDataCreate",3, factor); A:=Mov((((CD-LLV(LD,Per1))/(HHV(HD,Per1)-LLV(LD,Per1)))*100),Per2,S); A1:= Mov((Mov((((CD-LLV(LD,Per1))/(HHV(HD,Per1)-LLV(LD,Per1)))*100),Per2,S)),Per3,S); A:=ExtFml("PowerPivots.TDataLocalize",A, factor, offset); A1:=ExtFml("PowerPivots.TDataLocalize",A1, factor, offset); A;A1;
With this formula you can plot the stochastics from a higher time frame onto a lower time frame
IE: you are trading 60 min chart, you can plot the Stochastics from a Daily chart onto the 60 min chart
the benefit from this type of analysis is that the stochastics from the 60 min chart says to sell, but the stochastics from the daily chart says that it is still rising, so instead of selling short you just exit your long position and wait for a retracement
with these external functions you can now create multi Time frame systems and experts which help in preventing whipsaw trades
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