stoc_sl
Function Name: stoc_sl
Tags: None
Category: Momentum
The Stochastic Slow indicator is an oscillator that works similarly to the Relative Strength Index. It plots between 0 and 100; however, its overbought/oversold boundaries are wider which tend to make this oscillator more volatile. The Stochastic Slow is a smoother version of the Stochastic Fast.
The Stochastic Slow indicator calculates the location of a Close price in relation to its range over a period of bars. The default settings are to use the most recent 14 bars (k_period), the High and Low of that period to establish a range and the Close as the current price.
This calculation is then indexed, smoothed and plotted as %KS. A smoothed average of %KS, known as %DS, is also plotted. %KS and %DS plot as oscillators with values from 0 to 100. The direction of the Stochastic should confirm price movement. For example, rising Stochastic confirms rising prices.
Stochastic can also help identify turning points when there are non-confirmations or divergences. For example, a new high in price without a new high in Stochastic may indicate a false breakout. Stochastic is also used to identify overbought and oversold conditions when the Stochastic reaches extreme highs or lows. Additionally, %KS crossing above the smoother %DS can be a buy signal and vice versa.
Link: http://www.onlinetradingconcepts.com/TechnicalAnalysis/Stochastics.html
k_period |
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Default Value: 14 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
d_period |
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Default Value: 3 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
k_SlowingPeriod |
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Default Value: 3 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
upperLevel |
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Default Value: 80 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
lowerLevel |
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Default Value: 20 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |