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Using X as a crossover signal for stochastics
In writing a custom scan for lets say an indicator crossing over a certain point ( assume stochastic crossing over 20). Does the cross over X command designate if the indicator is crossing from above down through 20 or from down up through the 20 ?
So, this says, %K crosses above 20:
and [Fast Stoch %K(5,1) x 20]
So, this would find situations where yesterday (or one bar ago) %K was below 20 and today (the current bar) %K is above 20.
This says, 20 crosses above %K, meaning, in effect, %K crosses below 20:
and [20 x Fast Stoch %K(5,1)]
So, this would find situations where yesterday %K was above 20 and today %K is below 20.