Visual Basic (Declaration) | |
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Public Overloads Shared Function ExtremeValueKSignal( _ ByVal sc As SeriesCollection, _ ByVal extremeLow As Double, _ ByVal extremeHigh As Double, _ ByVal noOfPeriods As Integer _ ) As SeriesCollection |
Visual Basic (Usage) | Copy Code |
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C# | |
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public static SeriesCollection ExtremeValueKSignal( SeriesCollection sc, double extremeLow, double extremeHigh, int noOfPeriods ) |
Parameters
- sc
- A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.
- extremeLow
- This is the level at which the Stochastic is believed to indicate an oversold level. The Stochastic always lies between 0 and 100, and a suggested extreme low value to take is 20.
- extremeHigh
- This is the level at which the Stochastic is believed to indicate an over brought level. The Stochastic always lies between 0 and 100, and a suggested extreme high value is 80.
- noOfPeriods
- An integer which represents the number of periods used over which the closing price is compared.
Return Value
-1, 0, 1 - this method returns either -1, 0, 1 to indicate that either a sell, no action or buy signal was generated.Note, that the general ideea of this approach is to seek points which are oversold or over brought levels which are turning.
Methodology
Buy when the the Stochastic %K falls below a specific level (e.g. 20) and then rises above that level. Sell when the Oscillator rises above a specific level (e.g. 80) and then falls below that level. This approach is the preferred method of the Stochastics original creator George Lane.