stochastic false signal

#1
hi,
need help regarding stochastic settings. please look into below screenshots(one is from fyers, other is zerodha), tcs, 1 hour chart, stochastic (14,3,6) there is difference in latest candle's stochastic values in both screenshots, i used same stochastic setting in both chart. please help me.
1605662447266.png

1605662512515.png
 

travi

Well-Known Member
#2
hi,
need help regarding stochastic settings. please look into below screenshots(one is from fyers, other is zerodha), tcs, 1 hour chart, stochastic (14,3,6) there is difference in latest candle's stochastic values in both screenshots, i used same stochastic setting in both chart. please help me.
View attachment 44919
View attachment 44920
Those subtle differences will arise due to slightly different data being captured or supplied to by respective vendors.
You wont get a perfect match all the time.
Alternatively, most ppl go for NSE Authorized data vendors and their own charting platform which maybe better but again not completely free from errors.
 
#3
Those subtle differences will arise due to slightly different data being captured or supplied to by respective vendors.
You wont get a perfect match all the time.
Alternatively, most ppl go for NSE Authorized data vendors and their own charting platform which maybe better but again not completely free from errors.
thanks for this info.
 

mohan.sic

Well-Known Member
#4
hi,
need help regarding stochastic settings. please look into below screenshots(one is from fyers, other is zerodha), tcs, 1 hour chart, stochastic (14,3,6) there is difference in latest candle's stochastic values in both screenshots, i used same stochastic setting in both chart. please help me.
View attachment 44919
View attachment 44920
Data points will slightly vary between each provider. So these small changes over a period of time may produce significant differences in indicator values between 2 platforms.

But the main reason you see this difference is completely different. You are viewing 1 hr data which is in continuous format. So the data starting point ( date and time of data ) need not be same between the 2 platforms. In one charting platform the price could be going up from from point 1 and in another platform which has a different starting point ( date/time ) the price could be moving down. Indicators follow price and hence you may see different indicator values.

Dont worry about the value of indicator. What is important is broadly if the indicator is moving in parallel terms between two platforms or not. If they are moving in similar way, thats enough.
 

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