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Why do all that thour ezl, when you can create a
multidata chart with daily data as data1 and weekly
data as data2 and then you can use
SlowK(14) of data2
H
--- Barry Silberman <barry@xxxxxxxxxxxxxxxxxxxxx>
wrote:
> Could someone please help with an attempt to do the
> following:
>
> 1- create synthetic weekly bars from daily bars
> 2- create a Stochastic indicator similar to Kase's
> Permission Stochastic.
>
> She says in her book "Trading with the Odds" (pgs
> 55 - 58) that using this
> type of stochastic as a filter to permission trades,
> reduces whipsaws by
> about 80% and leads by one or two days the normal
> longer time-frame
> stochastic.
>
> I suspect I need to be using arrays, but my attempt
> is as follows:
>
>
==============================================================
> Variables: SynHi(0), SynLo(0), SynOpen(0),
> SynClose(0), len(5), SloK(0),
> SloD(0);
>
> SynHi = highest(high, 5);
> Synlo = lowest(low, 5);
> Synopen = open[5];
> Synclose = close[5];
>
> {Stochastic - slow using weekly bars}
>
> Inputs: StochLen(46); {Kase says to use (5 *
> n) +1, so to get the
> equivalent of a 9 week stochastic use 46 bars}
>
> SloK = SlowKCustom(synhi, synlo, synopen, StochLen);
> SloD = SlowDCustom(synhi, synlo, synclose,
> StochLen);
>
> Condition1 = SloK > SloD;
> Condition2 = SloK < SloD;
>
> Plot1(SloK, "SlowK");
> Plot2(SloD, "SlowD");
>
> If Condition1 then
> Plot3(50, "TrendUp", tool_green);
>
> If Condition2 then
> Plot4(50, "TrendDn", tool_red);
>
>
==============================================================
> Thank you for any help you can provide.
>
> Barry
>
>
>
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