Indicator variables
The Stochastic K depends on the following variable:
- Periods - the number of previous time periods used over which the closing price is compared.
Now the formulae for the Stochastic %K over a is:
100 x (Last Close - Lowest low)/(Highest high - Lowest low)
where the "lowest low" (respec. "highest high") is the highest (respec. lowest) close of the asset over the period under consideration. Since the "Last close", will lie between the highest high and lowest low this indicator will lie between 0 and 100.
Visual Basic (Declaration) | |
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Public Overloads Shared Function KFastStochastic( _ ByVal sc As SeriesCollection, _ ByVal noOfPeriods As Integer _ ) As SeriesCollection |
Visual Basic (Usage) | Copy Code |
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C# | |
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public static SeriesCollection KFastStochastic( SeriesCollection sc, 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.
- noOfPeriods
- An integer which represents the number of previous time periods used over which the closing price is compared.