Abbreviation:
Category: Crossover & Breakout Identification
Input Parameters:
Name | Range | Default |
High Price | High | |
Low Price | Low | |
Closing Price | Close | |
Stochastic Periods #1 | Int >= 1 | 5 |
Stochastic Periods #2 | Int >= 1 | 10 |
Calculation:
If (X < Y) and (most recent previous period where X did not equal Y, X was greater than Y) then 1
Otherwise 0
where
X = Stoch%K(High Price, Low Price, Closing Price, Stochastic Periods #1)
Y = Stoch%K(High Price, Low Price, Closing Price, Stochastic Periods #2)
Stoch%K represents Stochastic %K
Discussion:
Indicates the period when one Stochastic %K line has just crossed below another Stochastic %K line.