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Stochastics

Is it possible to change the parameters on stochastic's from 80/20? if so please enlighten me
thank you as always.......

Best Answers

  • markdmarkd mod
    edited March 28 Accepted Answer
    You can do it with just two, but the default 80/20 lines will still be visible. So you will have four horizontal lines instead of two. If that's OK, two will do.
  • lmkwinlmkwin ✭✭
    Accepted Answer
    You do the white or background color 20 and 80 lines



    Comes out looking like this




Answers

  • Well, you can, kind of.

    You need to add your choice of indicator- Full, Slow, or Fast Stochastics - to your chart FOUR times.

    The first two "blank out" the 80 and 20 lines, the second two add your new lines.


    The first time, add your Stoch choice, choose "Below" or "Above" for Position, and for Overlay choose Horizontal Line, and for Parameters choose 80:white - or whatever your background color is.

    By making it the same color as the background, it "disappears: - except it really doesn't - you'll notice little stripes on your %K and %D lines.

    Then add Stoch again, this time for Position choose "Behind Ind" so the second indicator overlays the first. Then Horizontal Line, 20:white.

    That much "blanks out" the 80/20 lines.

    Now add Stoch again - "Behind Ind", Horizontal Line, your choice of number and color for the new upper bound, e.g. 65:blue

    Add Stoch again, - "Behind Ind", Horizontal Line, your choices again for the lower bound.



  • lmkwinlmkwin ✭✭
    @markd 's method is correct but I believe you may be able to do it in 2.

    Do the first one and set your Horizonal line parameters as 20:white, 80:white (or whatever your background color is)
    So it's number colon color comma number colon color

    Then add your second stochastic, behind the first. Set you Horizontal overlay parameters the same way as the 1st. Just change your numbers and colors if you desire.

    This is a very handy method. You can even change your colors like 35:green, 65:red




  • Thank both of you Mark and Imkwin
  • Aha!

    @lmkwin - I didn't realize you could enter two sets of parameters for one Horizontal Line, even though that is plainly what you said. Didn't sink in. Thanks for the picture.
  • lmkwinlmkwin ✭✭
    edited March 29
    There is a popular Public chartlist called Above the Green Line. They show shading of the areas. I believe they use this method.

    You actually can enter more than 2 parameters on the Horizontal line option, both in the Chart attributes section and in the Indicator overlays section.

    So for the Above the Green Line look, one could try

    0:lime,1:lime,2:lime,3:lime,4:lime,5:lime,6:lime,7:lime,8:lime,9:lime,10:lime,11:lime,12:lime,13:lime,14:lime,15:lime,16:lime,17:lime,18:lime,19:green,20:green,80:red,81:red,82:red,83:red,84:red,85:red,86:red,87:red,88:red,89:red,90:red,91:red,92:red,93:red,94:red,95:red,96:red,97:red,98:red,99:red,100:red


    In MY line charts I use the Horizontal lines in chart attributes of

    4.75,6.25,8,10,12.25,14,16,20.25,24.5,28.75,33,38.5,44,49.5,55,65,77,88,99,110,130,154,183,217,255,300,350

    These are the "Magic Numbers" that Gerald Appel identified as common areas where a price tends to pause finding resistance or support as it moves along. Gerald Appel was the creator of the MACD among other technical indicators.

    I can't wait for StockCharts.com to finally get around to updating their Point and Figure charting attributes and overlays. They haven't updated anything visual on the P&F charts in my memory. They have received plenty of suggestions from me over the years. Horizontal lines would be a very easy add, in my opinion. They can be used to identify anchor points and count levels, etc. Anchor point is basically the row most filled. Very useful in P&F analysis.
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