SlowKCustomOrig (Function)
DisclaimerThe SlowKCustomOrig series function returns the Slow K value for the Stochastic oscillator based on user-defined price inputs.
Syntax
SlowKCustomOrig(PriceH, PriceL, PriceC, StochLength, SmoothingLength)
Returns (Double)
A numeric value containing the SlowKCustomOrig for the current bar.
Parameters
|
Name |
Type |
Description |
|
PriceH |
Numeric |
Specifies which bar value (price, function, or formula) to use for the high in stochastic calculations. |
|
PriceL |
Numeric |
Specifies which bar value (price, function, or formula) to use for the low in stochastic calculations. |
|
PriceC |
Numeric |
Specifies which bar value (price, function, or formula) to use for the close in stochastic calculations. |
|
StochLength |
Numeric |
Sets the number of bars to consider. |
|
SmoothingLength |
Numeric |
Sets the constant to use for smoothing the K line. |
Remarks
This function differs from SlowKCustom by using the original smoothing method suggested by George Lane.
Please refer to the discussion under the Stochastic function.
Example
Assigns to Value1 the Stochastic FastK for offset high and low prices over 14 bars.
Value1 = SlowKCustomOrig(High+1,Low-1,Close,14,3);
Reference
Takano, Mike. Stochastic Oscillator, Technical Analysis of Stocks and Commodities. April 1991.
Stein, John. The Traders’ Guide to Technical Indicators, Futures Magazine. August 1990.