i think the stochastics are calculated differently in both programs
in Ensign:
Raw stochastic is the percentage of where a price is in a range of highest high - lowest low over a set of bars. Some call the raw value Fast %K.
Raw Stochastic = 100 * (Last - LowestLow) / (HighestHigh - LowestLow).
Slow %D is an average of the Slow %K. This is the 2nd average.
Ensign Windows has 4 choices of which formula to use for calculating the averages. The average used for the original Stochastic work was an exponential moving average. However, variations using simple average, weighted average and smoothed average are also worthy and useful Stochastic calculations.
The smoothed average formula is very similar to the exponential formula. The difference is in how the Alpha decay factor is derived from the average parameter N. See these formulas:
where Alpha = (N+1)/2
Smoothed = Previous Average + ((Current Value - Previous Average) / Alpha)
where Alpha = N
Ensign Windows does not do a 3rd average. If an average of the Slow %D is wanted, then put on a moving average study and set its Data Point to be the %D value of the Stochastic study.
see; http://ensign.editme.com/stochastic end of page
im searching for the smoothed stochastics.
How is stochastics calculated in Ninja?
Is it possible to create the smoothed stochastics with different colors for rising and falling?
Thanks
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