Stochastic Oscillator, the beginning - page 91

alam313
58
alam313  
mladen:
Having a stochastic calculation that can use custom prices for calculation allows us to filter those prices prior to using them in calculation. That way we are not smoothing the already calculated stochastic nor we are calculating a "raw" stochastic of some filtered value but we are "intervening" in the core of the stochastic calculation and we can make a new kind of stochastic that way

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This one is a sort of it. If you set the filter to <= 1 then you are going to get a good old high-low stochastic, otherwise close, high and low are going to first be filtered (using super smoother in this case) and only then used in stochastic calculation. Result is a smoother stochastic with minimal lag added

Hi mladen,

Could you help to modify this indicator (stochastic filtered.mq4) with alert by sending email AND adding arrow when the color is changed ?

Many Thanks!!

stochastic_filtered.mq4

Mladen Rakic
154428
Mladen Rakic  
alam313:
Hi mladen,

Could you help to modify this indicator (stochastic filtered.mq4) with alert by sending email AND adding arrow when the color is changed ?

Many Thanks!!

stochastic_filtered.mq4

alam313

Here is a version with all the usual alerts added as well as some new options (now you can chose color change on slope change or on signal line cross, and some minor improvements) : stochastic filtered & alerts.mq4

alam313
58
alam313  
mladen:
alam313 Here is a version with all the usual alerts added as well as some new options (now you can chose color change on slope change or on signal line cross, and some minor improvements) : stochastic_filtered_amp_alerts.mq4

Thanks !!!

George
998
George  

That filtered alert would be useful as an on screen version of the indicator.

Please.

TEAMTRADER

Mladen Rakic
154428
Mladen Rakic  

CCI of atr emphasized stochastic : cci_of_stochastic_amp_atr.mq4

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Again. some playing with parameters is recommended, but all in all, it looks quite useful

George
998
George  
mladen:
CCI of atr emphasized stochastic : cci_of_stochastic_amp_atr.mq4

________________

Again. some playing with parameters is recommended, but all in all, it looks quite useful

Very briefly, the colours represent which parameter?

Thanks

TEAMTRADER

Mladen Rakic
154428
Mladen Rakic  
TEAMTRADER:
Very briefly, the colours represent which parameter?

Thanks

TEAMTRADER

Crossing of desired levels and slope

George
998
George  

AND based on ATR rather than price?

TEAMTRADER

Mladen Rakic
154428
Mladen Rakic  
TEAMTRADER:
AND based on ATR rather than price? TEAMTRADER

No

I already explained that ATR is directionless and that it can not be used for trend direction showing. But what atr can do is show the current volatility, and it is used that way in the atr emphasized indicators

Imagine this : let say that stochastic value is 100. But the atr is small (no volatility) and multiplied buy atr stochastic becomes 50. But then the volatility increases, atr increases and then stochastic becomes 150 instead of original 100. And then CCI takes over and uses that value to calculate the value

So, atr is there to "adjust" the values used for cci calculation according to the current value

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To conclude : you can not use atr to show direction of the expected trend. But you can use it to adjust the values so that they reflect the current price changes volatility

George
998
George  

Understood - I had hoped that the ATR data per 15 minutes (for example) could be used to form an oscillator histogram such as the CCI.

From what you have said it cannot be done.

TEAMTRADER