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--- Robert Marlan <rsm@xxxxxxxxxxx> wrote:
> Can someone explain in ELA how to take an indicator
> of an indicator.
> For example, If I have a chart, and want to
> calculate an plot a stochastic
> *of* the stochastic from the data.
I'll take a stab at it - corrections welcome:
Depends on the indicator. If it's something like an
average or momentum, then it's simply
Average(Average(Close, Length1), Length2)
Momentum(Momentum(Close, Length1), Length2)
i.e., stuff like average values or rates of change are
easy. Oscillators like stochastic, on the other hand,
are based on relationship of current prices to their
recent ranges, so you need highs, lows, and closes for
that, and an oscillator of an oscillator... would
probably tell you very little if anything at all.
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