Thread: Stochastics...
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Old 10-20-2006, 03:46 AM
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Quote:
Originally Posted by PeaceLover
Thanks for the explaintion, but that still leaves my guestion unanswered. How to i plot, MACD, Stoch, CCi on the price graph in MT4.
first of all, you mentioned stolchastics, let me clarify what i meant. since i said a stolcastics is just two moving avereages, and when i say it essentially is, I MEAN ALL A STOLCASTICS IS, is two moving averages, there is no additional configuration, it is simple, moving averages seperated from the price chart. to plot a stolcastics on the price chart, plot two moving averages on your chart and there's your stolcastics.

next you mentioned the macd, to plot a macd, you take two moving averages, and you've also got a macd. the histogram of a macd is determined by the distance between two moving averages.

to give a broader version of the picture, a moving average has three stages, first you have the standard moving average or exponential moving average, thoose are the basics, just and average of the close of the last few bars. then you take it a step further and take it off the price chart, this was usefull for many firstly, because it was easier to see, being out of the bars, and secondly, crosses were easier to see. then you take it a step further and add a histogram of the difference between the two moving averages, and you get a macd. if you want the actuall histogram visible on the price chart, i don't know how to help you there.

if you're making an ea with theese symbols, the coding is farly simple when you get down to the simple concept of moving averages. if you want me to show you an example, just be sure to let me know.
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