GSAM,
You took the words right out of my mouth! I came to the thread to ask ST the similar thing. I have 3 charting software, and all show different Stoch patterns even the settings and the TF are same! Quite confusing. Hope ST has some logical reason behind all this.
GSAM,
You took the words right out of my mouth! I came to the thread to ask ST the similar thing. I have 3 charting software, and all show different Stoch patterns even the settings and the TF are same! Quite confusing. Hope ST has some logical reason behind all this.
Some charting softwares call it as Stochastic Oscillator....some call it % D....I was using Metastock now using Ami....both look same....
Some softwares smoothen % K into % D and also the trigger line by exponential MAs...some do it with simple MAs.....I use simple MA parameter setting....
I Believe the the Reason you'll are Not seeing the Same Stoch (%D - Fast Moving ) is because you are Checking NIFTY Spot where as the Chart Posted By Manik is of NIFTY - Futures ...,
Below i have posted Chart of NIFTY Futures for 31st along with Stoch and Stoch from Manik's Chart ...
ST
when we have different values on stchs from different softwares, will this not affect our trading and also how to know which is software is giving correct values ?
@Nithin
Thanks for the input. I, however, went through many sets of parameters of elemination process. But when I tested it with all settings, scrip, index etc. same but the software, the result still varied. I guess it is due to different rendering subroutines in the code that address the java engine accordingly. Anyway, be it whatever, the best solution I found is: choose the one that captures maximum of moves.
Some charting softwares call it as Stochastic Oscillator....some call it % D....I was using Metastock now using Ami....both look same....
Some softwares smoothen % K into % D and also the trigger line by exponential MAs...some do it with simple MAs.....I use simple MA parameter setting....