Stochastic Indicator Formula
The stochastic indicator formula calculates the simple stochastic indicator (%K) and the smoothed stochastic indicator (%D). %D is a moving average of %K. The output is a percentage. A value more than 80% indicates that the current price is close to the price high, and a value less than 20% indicates that the current price is close to the price low.
The stochastic indicator is an indicator of upward and downward market trends.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.StochasticIndicator,
"PeriodK,PeriodD",
"High,Low,Close",
"%K,%D")
Parameters
This formula takes two optional parameters.
PeriodK
Period for calculating %K. The default value is 10.PeriodD
Period for calculating %D. The default value is 10.
Input Values
This formula takes three input Y values.
High
Daily high price.Low
Daily low price.Close
Daily close price.
Output Value
This formula outputs two Y values.
%K
Simple stochastic indicator. The default value is 10.%D
Smoothed stochastic indicator. The default value is 10.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y values for the daily high, low, and close prices (Series1:Y,Series1:Y2,Series1:Y4), and outputs %K on Series3 (Series3:Y) and %D on Series4 (Series4:Y). It uses a period of 15 days to calculate both %K and %D.
Chart1.DataManipulator.FinancialFormula (FinancialFormula.StochasticIndicator, "15,15", "Series1:Y,Series1:Y2,Series1:Y4", "Series3:Y,Series4:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.StochasticIndicator, "15,15", "Series1:Y,Series1:Y2,Series1:Y4", "Series3:Y,Series4:Y");
See Also
Reference
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting