StockFetcher Forums · General Discussion · Red and Green fill on slow stochastic graphs<< >>Post Follow-up
awmorris
8 posts
msg #121946
Ignore awmorris
11/6/2014 11:10:12 PM

Sorry for the newbie question but... I built a really primitive filter (still learning the system) that says:

close above 20
avg vol(5) above 1000000
and avg vol(30) above 1000000
and draw slow stochastic (14,5) %K

I noticed that the resulting graph for the slow stochastic shades some parts red and shades other parts green. What is the significance of the shading/fill?

four
4,003 posts
msg #121947
Ignore four
modified
11/6/2014 11:50:33 PM

stochastic is a bounded oscillator that moves between 0 and 100

lower limit <= 20 [in the GREEN = Oversold]
upper limit >= 80 [in the RED = Overbought]

-

The problem is when a stock is "stuck" in the overbought or oversold area... different ways to look for a solution
1-Some combine a moving average and the stochastic
2-Some combine two stochastics
3-ETC...

More info:

https://www.marketedge.com/MarketEdge/DRME/drStochastic.aspx

http://www.optionstradingiq.com/stochastic-indicators/

StockFetcher Forums · General Discussion · Red and Green fill on slow stochastic graphs<< >>Post Follow-up

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