Thread: Stochastics...
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Old 10-20-2006, 02:39 PM
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Quote:
Originally Posted by Eaglehawk
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.
Thank you for the info. I understand what you mean, that they are just moving averages. I have used different charting software and they all let you plot then in the price chart, just want to understand why is it so difficuilt to do so in MT4.

thruline, has attached an stockastic indicator that can do so, try it.

Thanks for you help.

Peace Out
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