Syntax

STOCHASTIC(close; high; low; period)

Arguments

Stochastic is usually used with OHLC charts.
The first three arguments are arrays: 'close' contains the close values, 'high' contains the high values, and 'low' contains the low values.
The 'period' parameter defines the period for the function and must be a constant greater than or equal to 1.

Result

The result is an array.
The first 'period' elements of the result are marked as invalid.

Description

The Stochastic Oscillator compares where a security's price closed relative to its price range over a given time period. The formula of the function is:  

result[n] =  (close[n] - LL) / (HH - LL) 

LL is the current lowest low value for the given time period.
HH is the current highest high value for the given time period.

Related Examples

Windows Forms: Data Manipulation\Functions\Other Financial Functions