Slow Stochastic
The Slow Stochastic function compares the close price of a stock against its price range (high-low) over a specified number of time periods. It is derived by applying a 3-period, simple moving average to the Fast Stochastic line. Applications of Slow Stochastic include the generation of buy and sell signals.
1. Syntax
Slow Stochastic:
SLOSTOC(d0,d1,d2,s0,Alignment)
Trigger Line:
SLOSTOCTRG(d0,d1,d2,s0,Alignment)
2. Input
The Slow Stochastic functions require the following input series:
- d0 - High data values - The first set of data values for which the Slow Stochastic formula is calculated, usually the daily high price of a stock.
- d1 - Low data values - The second set of data values for which the Slow Stochastic formula is calculated, usually the daily low price of a stock.
- d2 - Close data values - The third set of data values for which the Slow Stochastic formula is calculated, usually the daily close price of a stock.
3. Parameters
The Slow Stochastic function has the following parameters:
- s0 - Look Back Period - The number of time periods for determining the overall high and low values. Default value is 14.
- Alignment (Optional) – Hierarchy placeholder to be used as the alignment axis.
4. Output
The SLOSTOC function generates the following output:
- Slow Stochastic - The Slow Stochastic result set.
The SLOSTOCTRG function generates the following output:
- Trigger Line - The trigger line is a 3-period, simple moving average that is used to smooth out the Slow Stochastic values.