The stochastic oscillator is a momentum indicator that uses support and resistance levels. It is an available study within the Market Studies Block.
For Stochastic there are 4 different lines defined: FASTK, FASTD, SLOWK and SLOWD.
The D is the signal line usually drawn over its corresponding K function.
- FASTK(Kperiod) = (Today’s Close – LowestLow)/ (HighestHigh – LowestLow) * 100
- FASTD(FastDperiod) = MA Smoothed FASTK over FastDperiod
- SLOWK(SlowKperiod) = MA Smoothed FASTK over SlowKperiod
- SLOWD(SlowDperiod) = MA Smoothed SLOWK over SlowDperiod
The HighestHigh and LowestLow are the extreme values among the last ‘Kperiod’.
SLOWK and FASTD are equivalent when using the same period parameters.
- Stochastic(Kperiod,SlowKperiod,SlowDperiod) returns the SLOWK and SLOWD.
- StochasticFast(Kperiod,FastDperiod) returns the FASTK and FASTD
You can adjust the default parameters of the Stochastic studies by enabling the Advanced Options (click on Gear icon).
