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You may export the results to XL and create an histogram.
In att. example you may see that the majority is below 50,
because the general trend of the market is bearish and
stochd() stays more time below 50 than above it.
For a certain stock, it would be better to consider stochd()
oscillating around MEAN STOCHD you found in Exploration
Results.This will affect consequently o/b and o/s levels.
If, for example the MEAN STOCHD for a certain stock XXX
is 38, it is a bit funny to consider o/s level=30.
o/s and o/b levels should be modified either subjectively or
under new objective criteria.
I will revert on this.
Dimitris Tsokakis
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<DIV><FONT face=Arial size=2>Is your Stochd() a good oscillator?</FONT></DIV>
<DIV><FONT face=Arial size=2>Since it is bounded in [0,100] region, themean
value</FONT></DIV>
<DIV><FONT face=Arial size=2>for a long period of time should be
50.</FONT></DIV>
<DIV><FONT face=Arial size=2>In order to have enough data we select stocks with
more </FONT></DIV>
<DIV><FONT face=Arial size=2>than 100 quotations and we calculate the mean
(average)</FONT></DIV>
<DIV><FONT face=Arial size=2>value of stochd(14) for the whole trading
period</FONT></DIV>
<DIV><FONT face=Arial size=2>Run <U><FONT color=#0000ff>for the last day
</FONT></U>of your database the following code:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>/*MEAN %D EXPLORATION*/</FONT></DIV>
<DIV><FONT face=Arial
size=2>MEANST=cum(stochd())/(cum(1)-18);<BR>filter=CUM(1)>100;<BR>numcolumns=1;</FONT></DIV>
<DIV><FONT face=Arial size=2>column0=MEANST;</FONT></DIV>
<DIV><FONT face=Arial size=2>column0format=1.0;</FONT></DIV>
<DIV><FONT face=Arial size=2>column0name="MEAN STOCHD";</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>You may export the results to XL and create an
histogram.</FONT></DIV>
<DIV><FONT face=Arial size=2>In att. example you may see that the majority is
below 50,</FONT></DIV>
<DIV><FONT face=Arial size=2>because the general trend of the market isbearish
and </FONT></DIV>
<DIV><FONT face=Arial size=2>stochd() stays more time below 50 than above
it.</FONT></DIV>
<DIV><FONT face=Arial size=2>For a certain stock, it would be better to
consider stochd()</FONT></DIV>
<DIV><FONT face=Arial size=2>oscillating around MEAN STOCHD you found in
Exploration</FONT></DIV>
<DIV><FONT face=Arial size=2>Results.This will affect consequently o/b and o/s
levels.</FONT></DIV>
<DIV><FONT face=Arial size=2>If, for example the MEAN STOCHD for a certain stock
XXX</FONT></DIV>
<DIV><FONT face=Arial size=2>is 38, it is a bit funny to consider o/s
level=30.</FONT></DIV>
<DIV><FONT face=Arial size=2>o/s and o/b levels should be modified either
subjectively or</FONT></DIV>
<DIV><FONT face=Arial size=2>under new objective criteria.</FONT></DIV>
<DIV><FONT face=Arial size=2>I will revert on this.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Dimitris Tsokakis</FONT> </DIV>
<DIV> </DIV></BODY></HTML>
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