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Charting and Studies User Guide - CQG.com

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Fast Stochastics Parameters<br />

• Display<br />

• Period: Period for the calculations.<br />

• Price: The price used for the calculations.<br />

• HiLevel: Selects the price used for the high level in the range.<br />

• LoLevel: Selects the price used for the low level in the range.<br />

Page 267<br />

• Algorithm: The Algorithm for calculating the stochastic. Choices include:<br />

Original or Simplified. The Original algorithm smoothes the close minus the range<br />

minimum <strong>and</strong> the range prior to dividing them. The Simplified algorithm divides the<br />

close minus the range minimum <strong>and</strong> the range prior to smoothing.<br />

• Type: The type of moving average used for the Average True Range calculations.<br />

Choices include: Simple, Smoothed, Exponential, Weighted, <strong>and</strong> Centered.<br />

• OB/OS<br />

• Type: Defines the overbought <strong>and</strong> oversold level setting. Choices include Fixed ( 2 hard<br />

coded lines, HI <strong>and</strong> LO, set by user, default is 80 for overbought <strong>and</strong> 20 for oversold) or<br />

Dynamic which calculates the lines based on st<strong>and</strong>ard deviations away from the mean<br />

over a user selected time period. Settings for Dynamic include: St<strong>and</strong>ard deviation, the<br />

number of deviations away from the mean, <strong>and</strong> Lookback period, the number of periods<br />

used to calculate the mean. (Default is 2 st<strong>and</strong>ard deviations from the mean over the<br />

last 100 periods).<br />

<strong>Charting</strong> <strong>and</strong> <strong>Studies</strong> <strong>User</strong> <strong>Guide</strong>

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