Slow D Stochastic and Euro FX

[mikem144]

I use the Slow D Stochstic to trade EuroFX alot, but it doesnt seem to work well on my E-signal charts. It flattens out quite a bit. Someone thought this might be due to low volume, but it works on the Russell e-mini, for example, which has almost no volume overnight. Euro FX is such a heavily traded instrument, I'm sure a simple Slow D Stochastic should work on it. TIA

[eSignal_JasonK]

Hello mikem144,

Please post a chart image of what you're seeing. Also, post the EFS file that you are using and I'll look into what the problem might be.

[mikem144]

I've attached snapshots of today's charts for Euro FX (6E #F), 1minute time frame. The stochastic study is from E-signal's Basic Stochastic Study. The parameters are 6,5,1, with 80-20 overbought/oversold lines. It is overlaid on top of price. (This, by the way, does not affect the outcome of the stochastic---it will flatten out if it is in its own subchart on its own). The first set of snapshots is from E-signal charts, showing the stochastic flattening out periodically throuought the day. The second set of snapshots show the stochastics are from the Fibonacci Trader charting program and are plotted correctly.

[mikem144]

I take it not all the snapshots got posted. In the previous post, only the last chart of the day from Fibonacci Trader came through. Here is the comparison chart from E-signal with the flattened stochastic signal.

[eSignal_JasonK]

Hello mikem144,

Looks like it's a decimal precision error in our Stochastic study under the Basic Studies. I'll report this to our Development team. The EFS calculations appear to be working fine however. Try the \Formulas\Library\StochasticD.efs or the StochasticOf_Montage.efs.

[mikem144]

Jason,

The Stochastic of Montage seems to help. I put in the folowing parameters:

Standard
6
5
2


The only thing is I just need to plot the Montage %D line, not the Montage %K. How do I take it away?

TIA

[mikem144]

Jason,

Great help. Thanks alot!!! I set the color of the %K to white, and it seems to have taken care of it. One other question--how can I plot the stochastic so that it shows OVER the candlesticks, rather than beneath them?

TIA

[eSignal_JasonK]

Hello mikem144,

Displaying indicators over the price bars is not possible currently. This has been requested before, but feel free to submit another request for this to [email protected].

[dloomis]

mikem144

Jason is correct, unless you mean OVER as oppoed to UNDER

Just hold down the control key, left click the study and move OVER the price bars.

Now the indicator is OVER the price bars.

My apologies if this is not what you meant.

[mikem144]

Changes to Stochasticof_Montage.efs

I would like to make some changes to the default parameters of this file and save it as a new file for use. When I do this and load the new file, it doesnt change the default params. Any suggestions? TIA

[eSignal_JasonK]

Hello mikem144,

In the preMain function you should see some .setDefault() lines. Are your changing those values?

[mikem144]

Jason,

Thanks for getting back....I 've been able to resolve the problem. BTW, is there any way of removing the %k line, since I don't need it? TIA

[eSignal_JasonK]

Hello mikem144,

The easiest thing to do is change the return for the %K line to a string by adding +"". The return section (assuming you're using StochasticOf_Montage.efs) should look like this at the end of main().

if(MAType=="Exponential"){
    if(aValue[LengthD-1] != null) vEMA = EMA(LengthD, aValue);  
    return new Array (sum+"",vEMA);
}else{
    return new Array (sum+"",vSMA);
} 

[mikem144]

Thanks, Jason---perfect!!