one to one coaching
Stochastic with Noise Reduction

Stochastic with Noise Reduction

No permission to download
Description:


Standard Stochastic Oscillator with sensitivity feature.

It has the same parameters, as a standard Stochastic, but there is an additional "sensivity" parameter (Sens in the parameters window)

It allows to consider oscillations only below some predefined threshold, specified in points. This way we can reduce a lot of false signals.

The classical Lane Stohastic locates the current price between a maximum and a minimum prices for some number of bars, defined by %K (Kperiod) value, and it doen't distingush the difference between extremums, for example 1 point or 100 points. For these two cases the results will be the same, and we will get the overbought/oversold signals.
But using some threshold, we can consinder only significiant oscillations.

At Fig. 1 (EURUSD, 1M), the price chart, standard stochastic and the indicator proposed are presented.
Image:

iytxvr1.JPG
Author
Salvador
Downloads
1
Views
49
First release
Last update
Rating
0.00 star(s) 0 ratings
Top