Stochastic

The Stochastic Oscillator compares the security's closing price relative to its price range over the specified time Period. The standard stochastic calculation uses the closing price, but this can be modified by radio buttons in the Price box. Stochastics are comprised of two values: %K and %D, the %D is a moving average of the %K value.

The %K calculation is:

((Close - LL)/(HH- LL))*100

Where:

Close = Today's Close (or Price selected)
LL = Lowest low over Period
HH = Highest high over Period

The slowing period provides a smoothing factor by averaging the LL and HH values over the number of days specified before using them in the calculation. (Therefore a slowing period of 1 indications no smoothing, values usually range from 1..3).

The Line Attributes group specifies the Width as well as the of the color of the study line. The [Color] button is used to change the color of the line. Pressing [Apply] or [OK] creates or modifies the study.

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