OmniTrader Archives
OmniTrader 2011 Technical Support
Stochastics Formula
2 replies, 1613 viewings
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OmniTrader Archives
OmniTrader 2011 Technical Support
Stochastics Formula
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Last Activity 12/31/2013 1:06 PM 2 replies, 1613 viewings |
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Gerry Veteran   Posts: 277 Joined: 12/24/2003 Location: Lewiston, Maine 04240  User Profile |
I've been noticing for quite some time that when the Stochastics using 7,2,2 % K, closes under or above a certain number, usually a good move will occur. For example AMGN at the close 1-5-12 closed at 54.58, the close on 1-6-12 it was 70.37 at the close 1-9-12 it was 61.99 then at the close 1-10-12 it was 73.18. That 73.18 was higher than the close on 1-6-12 for a quick 6% move in 5 days ! ( all of these figures are the %K closes on those days ) This seems to work also when looking to go short, Ex: GLD at the close 12-5-11 the %K was at 70.45, then on 12-6-11 the close was 51.97, then at the close 12-7-11 the close was 61.85, and at the close 12-8-11 the %K was at 40.94. That 40.94 was lower than the close on 12-6-11 for a quick move of 9% in 4 days ! ( again all of these figures are the %K closes on those days ) Both of these setups occur over a 4 day period. I could show more examples of these quick moves but I think you get the idea of what can be had with these setups. Being that I am not a computer person I would appreciate someone coming up with a formula that anyone could search for these Stochastics setups. I've spent a bunch of hours over the last few years looking for such a setup and I know that this could be used by many of the OmniTrader family. Thanking you all in advance, Gerry [Edited by Gerry on 2/1/2012 6:05 PM] | ||
| EYEGUY Icon   Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK User Profile |
If you have OmniScan, try STO(7,2,2)>Your Magic Number. Secondarily you might want to add an additional closing and volume information criteria like C>10 AND V>1000000. And, if you wouldn't mind sharing, just what is the Magic Number? Tom Helget | ||
| Gerry Veteran Posts: 277 Joined: 12/24/2003 Location: Lewiston, Maine 04240 User Profile |
Thanks for the response. Please check your inbox for additional details on this subject. It is now 12:35 PM on Feb 2, 2012, I just figured it out ! Gerry [Edited by Gerry on 2/2/2012 11:51 AM] |
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