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----- Original Message -----
From: <dorothy.bradbury@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, March 02, 2001 6:50 PM
Subject: [amibroker] Re: Stochastic Indicator
> --- In amibroker@xxxx, tpresley@xxxx wrote:
> > My first impression of amibroker was I thought it might do what I
> > wanted.
> > I immediately noticed the Amibroker Stochastic Slow indicator is
> > not quite the same as other programs, or web based chart programs,
>
> I too have just installed amibroker. Very useful & fast for
> back-testing - faster than my old spreadsheet macro methods.
>
> I too (!) was puzzled about the implementation of Stochastics
> (and indeed MACD etc). I use Stochastics in a mix with MACD,
> along with 5 other indicators, 1 own, in varying weights.
>
> All my software uses the following format.
> o 3 vars for Stochastics:
> >>> Period/SK-Period/SD-Period + Exponential smoothing (usually)
> o 3 vars for MACD:
> >>> Short/Long/Period + Exponential smoothing (usually)
>
> My system is actually critically dependent on the internal
> operation of those indicators, not just types of indicator
> chose and their wtings overall. The defaults for Stochastic
> in particular are way off the mark for many equities. You
> rarely have an indicator/default that works for every stock,
> and trying to achieve it will just result in mediocre returns
> or rather a screen full of mud rather than clarity which a
> system is hopefully going to give. Evidently that idea was
> lost on most of the tax systems of the planet I guess.
>
>
> Q: Does anyone have any tips on implementing such a
> 3-variable Stochastic (with EMA, that looks easy).
>
> I'm not versed even in the mathematical derivation of
> Stochastics, just in years of their use & optimising.
> Never have I seen a tool so useful as this, in the old
> days it was manual paper blind testing... T.E.D.I.O.U.S.
>
> Many thanks.
> (Actually once cracked this program will gain a big boost
> in the flexibility of its technical indicators - and that
> will result in better optimisation to each equity & profit.
> It has everything else to shame many hi-$ subscription pkgs).
>
> PS: Is there a help file of the language library/syntax?
>
>
>
>
>
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>
>
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