Translation request: Stochastic Close/Close

• 02/19/2018 at 11:33 AM #63132
  biwosz

  Hi,

  In MT4 Stochastic implementation there are two options for “Price Field”:

  Low/High

  Close/Close

  It looks like only first option (Low/High) is implemented in ProRealtime Stochastic. Can I ask for Close/Close option to be implemented as well? (or translated).

  Following the article in https://www.forexfactory.com/showthread.php?t=36225

  “As far as I can tell, High/Low uses the following formula to calc %K:
  100 x (Recent Close – Lowest Low*) / (Highest High* – Lowest Low*)
  [* for the last N periods, where N is the %K parameter]

  whereas Close/Close uses the following formula to calc %K:
  100 x (Recent Close – Lowest Close*) / (Highest Close* – Lowest Close*)”

  Not sure if this is correct but I have not found alternative source with correct formula.

  Thanks.

  

  biwosz

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  02/19/2018 at 2:13 PM #63160
  Nicolas

  Here is the stochastic code with Close/Close:

  r=5 q=3 p=14 REM Computes the highest and lowest prices on p bars hi = highest[p](close) lo = lowest[p](close) REM Let's build the oscillator oscillator = ((close - lo) / (hi - lo) * 100) REM We can now compute the Stochastic lines lineK = average[q](oscillator) lineD = average[r](lineK) RETURN lineK AS "%K", lineD AS "%D"

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  r=5 q=3 p=14 REM Computes the highest and lowest prices on p bars   hi = highest[p](close) lo = lowest[p](close)   REM Let's build the oscillator   oscillator = ((close - lo) / (hi - lo) * 100)   REM We can now compute the Stochastic lines   lineK = average[q](oscillator) lineD = average[r](lineK)   RETURN lineK AS "%K", lineD AS "%D"

   

  

  Nicolas

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  02/20/2018 at 6:54 PM #63321
  biwosz

  Many thanks Nicolas, that was really quick! will check it now.

  🙂

  

  biwosz

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