I know this post may be discounted but I only want to try my fortune.
Because this system talks about trading using EMA and Stoch, I want help on clarifiion of these configurations involved. Below are the details:
Topic: RE: Stoch setting to the H1
Hi,
I just use standard configurations on CQG. I use the indior only to look for divergence.
CQG configurations below.
Both the Quick Stochastic and Slow Stochastic may be displayed.
When Slow Stochastic is chosen, the machine internally calculates the Quick Stochastic as described above, however, only the Slow%K and Slow%D lines have been displayed on the screen.
Slow%K - Is equal to the Speedy%D.
Slow%D - Is a Moving Average of Slow%K values. The default for Slow%D is a Smoothed 3 Period Moving Average.
Users may select between the First and the Basic Algorithms. Generally, the simplified will be more responsive to price changes. The formulations for each are:
Initial
K:= (MA(Close(@)- LoLevel(@,10),Smo,3)/ MA(HiLevel(@,10)- LoLevel(@,10),Smo,3))*100;
D:= MA((MA(Close(@)- LoLevel(@,10),Smo,3)/MA(HiLevel(@,10)-LoLevel(@,10),Smo,3)),Smo,3)*100;
Simplified
K:= MA(((Close(@)- LoLevel(@,10))/ (HiLevel(@,10)- LoLevel(@,10))),Smo,3)*100;
D:= MA(MA(((Close(@)- LoLevel(@,10))/ (HiLevel(@,10)- LoLevel(@,10))),Smo,3),Smo,3)*100;
Original Algorithm = [Moving Average (Final Range)]/[Moving Average (Total Range)]
Simplified Algorithm = Moving Average [(Final Range/Total Range)]
Final Range = Close -- Range Minimum
Total Range = Range Maximum -- Range Minimum
My question is: does the current default Stoch by MT4 allows the Simplified Algorithm?
If Yes, What's Going to be the configurations for% K Period,% D Period and Slowing?
If No, do I want a totally new custom made indior for the Simplified Algorithm? Can anyone write and supply?
Many thanks in advance.