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| FEB 1993
Traders' Tips
TRADERS' TIPS MetaStock 3.0 Using the built-in stochastic function: MetaStock 3.0 users can use the built-in stochastic function to combine multiple-length stochastics as discussed by Stuart Meibuhrin the December STOCKS & COMMODITIES article ""Multiple-length stochastics."" For example, I built a custom formula as shown below: (stoch(30,15)+stoch(60,30)+stoch(90,45))/3 to use a combined 30-, 60- and 90-day stochastic. I smoothed the stochastic heavily to see the underlying trend. Users can try different combinations to identify important tops or bottoms. One example is Figure 1 using the Standard & Poor's 500 index.
by Technical Analysis, Inc.
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