The Fast Stochastic oscillator shows in a separate window a stochastic calculated as follows:
FSK[i] = (min / max) * 100.0,
FSD[i] = SMA(FSK,PeriodD)
where:
min = close[i] - low[BL], max = high[BH] - low[BL], BH is the highest price index within the range from PeriodK to i, BL is the lowest price index within the range from PeriodK to i,
if max = 0,
FSK[i] = 50.0
The indicator has four input parameters:
- Period K – the period of calculating line K;
- Period D – the period of calculating line D;
- Overbought – overbought level;
- Oversold – oversold level.
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