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I think it is and I have the same question. That's one of the things I want to
explore. Here's a hunch on how they might be different. Stochs have a tendency
to get "stuck" in overbought/oversold territory. Perhaps position in range can
alert us earlier to when the move has exhausted itself. %K is essentially
"position in last x days range" so as I've set up this indicator is it a 1 day
%K.
I've never plotted it and I'll try to do that this week to see how it behaves.
CRLeBeau@xxxxxxx wrote:
> In a message dated 6/5/99 12:06:00 PM Pacific Daylight Time, jejohn@xxxxxxxxx
> writes:
>
> << Larry Williams (and I believe Tom DeMark) subscribes to notion that as
> prices rise closes tend to be nearer the top of the bar range. >>
>
> I
> Thanks for sharing your ideas and code but isn't this more or less what the
> stochastic indicator is supposed to do?
>
> Chuck
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