Indicator of an indicator

[Robert]

I'm trying to figure out how to do an indicator of an indicator. I'm currently trying to make an indicator that is a stochastic of a stochastic so I can have a smoothed indicator. How can I do this?

I also want to be able to adjust the parameters.

Thanks,

[pj909]

This may give you an idea - it's a Stochastic of RSI

[JayF]

Robert,

I would suggest reading through this post from Alex. It should guide you through the whole process.

[Robert]

Not there yet

Well, I am trying to do the wizard and I am unable to get a stoch of a stoch on a study.

I see the .efs that is on here and when I get in it with the editor, I'm in over my head with coding.


What I'm trying to get to is a stoch of a stoch and the ability to change the values of each.

Thanks for all your help. Those were some FAST responses.

Robert

[JayF]

Robert,

My understanding of the Stoch calculation is that it uses only the OHLC of the price bars. It can't use a study as it's source. In other words, I don't believe a Stoch of a Stoch is possible.

[eSignal_JasonK]

Jay is correct in that we can't do this one using built-in study objects. But I think its possible with some custom programming. I think this one might be a good addition to the library. I'll put something together shortly.

[roundturn]

On a similar theme:

Is it possible to lay one Stochastic with one group of settings over another Stochastic with different settings?

If yes, a quick how-to, please?

Thanks.

[Robert]

overlay

If you use the Ctrl-Shift combination, you can drag one study on top of another one. Or if you use the Ctrl-Alt combination, you can move the location of each.

Hope that does what you need.

Robert

[eSignal_JasonK]

Hello Robert,

Here something for you to take a look at. I assumed that you would want to be able to configure the inputs for the primary Stoch study and the secondary Stoch study. You'll notice several parameters in the "Edit Studies" dialog.

Stoch1 %K Length - 14 (primary Stoch study)
Stoch1 %K Smoothing - 1
Stoch1 %D Length - 3
Stoch2 %K Length - 14 (secondary Stoch study)
Stoch2 %K Smoothing - 1
Stoch2 %D Length - 3
Upper Band - 80
Lower Band - 20
Band's Color - Black
Display Bands - True

We can make modification to this or add additional parameters as necessary. Test this out and let me know if this EFS is in line with what you expected.

StochOfStoch.efs

[Robert]

Thanks

Yes, this is what I was looking for.

I'll play with the values to get the view I need.

Thanks a million!!!

Robert