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 seriesName As String, _ ByVal s As Series, _ ByVal noOfPeriods As Integer _ ) As Series |
Visual Basic (Usage) | Copy Code |
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C# | |
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public static Series KFastStochastic( string seriesName, Series s, int noOfPeriods ) |
Parameters
- seriesName
- The name of the series which will be displayed on the chart, i.e. its label.
- s
- An financial series where the first element is the closing price in the last trading period, the second term is the closing price in the previous trading period and so on.
- noOfPeriods
- An integer which represents the number of previous time periods used over which the closing price is compared.