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Franko,
Shall we discuss now the definition of Stochastic oscillator ?
Your mail was a surprise !!
DT
--- In amibroker@xxxxxxxxxxxxxxx, "fgornati" <fgornati@xxxx> wrote:
> Dimitris,
> you should use the close because Stochastic is calculated on the
close
>
> --
> Franco
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis"
<TSOKAKIS@xxxx>
> wrote:
> > Franko,
> > I agree with your "very often a Stochastic Divergence is not
> enough".
> > Although, there was no divergence there.
> > We speak for CLK03, May Light Crude Oil.
> > The Dec30 H=30.03 and the Jan6 H=29.50
> > [Data provided by FutureSource]
> > As I wrote before, both slopes were negative.
> > DT
> >
> > Dimitris,
> > if you look at december 02 top at 30 and January 03 first top at
30
> > you will find below them two declining tops of Stochastics.
> > This is called a divergence for example in Elder's book.
> > You may ask for a tighter definition of divergence such as only
> > up/down or down/up and this is perfectly legitimate but what I
mean
> > is that you will almost always find a divergence at tops or
bottoms
> > because prices usually slow down before inverting the direction.
> > But they also slow down in the middle of a move and in a lot of
> other
> > occasions.
> > So very often a Stochastic Divergence is not enough.
> >
> > --
> > Franco
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> <TSOKAKIS@xxxx>
> > wrote:
> > > Franko,
> > > no divergence was detected on Jan2003.
> > > The price slope was negative, the same with the stochD.
> > > We need a positive price slope, joined with a negative stochD
> slope
> > > for the related peaks to detect a divergence.
> > > DT
> > > --- In amibroker@xxxxxxxxxxxxxxx, Franco Gornati
<fgornati@xxxx>
> > > wrote:
> > > > Dimitris,
> > > > I would consider a Stochastic Divergence the one of January 03
> > too.
> > > > Every time something slows, Stochastic has a drop.
> > > >
> > > > ---
> > > > Franco Gornati
> > > >
> > > > -------- Original message --------
> > > > From: "Dimitris Tsokakis" <TSOKAKIS@xxxx>
> > > > To: <amibroker@xxxxxxxxxxxxxxx>
> > > > Sent: Thu, 20 Mar 2003 12:04:35 +0200
> > > > Subject: [amibroker] Once Again
> > > >
> > > > > In the next Oil "crisis", do not forget to make some money,
> the
> > > technical part of the story is ALWAYS the same.
> > > > > A Stochastic Divergence is enough.
> > > > > See also
> > > > > http://groups.yahoo.com/group/amibroker/message/35193
> > > > > http://groups.yahoo.com/group/amibroker/message/35226
> > > > > and other previous messages on the same subject.
> > > > > Dimitris Tsokakis
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