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the 28 bar length might have come from Hurst's work which showed a basic 28 week
cycle. that would make 14 the key.
DH wrote:
> > George Lane originally setup his stochastic to work on EOD data and he uses
> > 14 bars as his lookback period because it is 1/2 of the lunar cycle.
>
> That's interesting. The lunar cycle is actually about 22 trading days
> and half that is 11.
>
> Many oscillators should be set to half the cycle length but I think the
> stoch, at least in the unsmoothed version, is an exception. It should be
> set to the whole cycle length. The gif shows what I mean. Of course,
> smoothing the stoch with averages, as is commonly done, adds lag, so you
> need to shorten the period somewhat, unless you are using zero/low lag
> smoothing.
>
> --
> Dennis
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