Contents x
    Fast Stochastic
      • Dark
        Light
      Contents

      Fast Stochastic

        • Dark
          Light
        Article summary

        The Fast Stochastic is a momentum oscillator that identifies the market strength by comparing the closing price of a security with its price range over period of time. Fast Stochastic is bounded to the range from 0 to +100 and is consisted of two lines: FastK and its smoothed version FastD. Crossover of either lines with overbought/oversold levels generates sell (above 80) and buy (below 20) signals respectively.

        %K = [ (C - L) / (H - L) ] * 100
        %D = MA(%K)

        where:
        %K – FastK
        %D – FastD
        C – the most recent closing price
        L – the Lowest price during period
        H – the Highest price during period
        MA – Moving Average

        Fast StohasticFast Stochastic

        INPUTS

        InputDescription
        KPeriodThe period the indicator uses to calculate FastK
        DPeriodThe length of the moving average to calculate FastD (%D)
        OverboughtThe price value to fix the overbought level at
        OversoldThe price value to fix the oversold level at
        Average
        The following Moving Average types are available for calculations:
        • Simple. Simple Moving Average (SMA) is applied to FastD.
        • Wilders. Wilders Smoothing is applied to FastD.
        • Weighted. Weighted Moving Average (WMA) is applied to FastD.
        • Exponential. Exponential Moving Average (EMA) is applied to FastD.

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        FastKThe FastK plot
        FastDThe FastD plot
        OverBoughtThe oversold level
        OverSoldThe overbought level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
        What's Next