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OmniTrader 2011 Technical Support
Stochastics Formula
Last Activity 12/31/2013 1:06 PM
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Gerry

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Subject : Stochastics Formula
Posted : 2/1/2012 6:01 PM
Post #25773

Hello all,

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]

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EYEGUY

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Subject : RE: Stochastics Formula
Posted : 2/2/2012 7:55 AM
Post #25774 - In reply to #25773

Gerry:

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
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Gerry

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Subject : RE: Stochastics Formula
Posted : 2/2/2012 9:53 AM
Post #25775 - In reply to #25774

Hello Tom,

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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