Using X as a crossover signal for stochastics

JJJJ
JJJJ ✭
in Using Technical Analysis
In writing a custom scan for lets say an indicator crossing over a certain point ( assume stochastic crossing over 20). Does the cross over X command designate if the indicator is crossing from above down through 20 or from down up through the 20 ?

Comments

  • markd
    markd mod
    edited May 2017
    @JJJJ With the "x" operator, the term on the left, the first term, always crosses above the term on the right.

    So, this says, %K crosses above 20:

    and [Fast Stoch %K(5,1) x 20]

    So, this would find situations where yesterday (or one bar ago) %K was below 20 and today (the current bar) %K is above 20.


    This says, 20 crosses above %K, meaning, in effect, %K crosses below 20:

    and [20 x Fast Stoch %K(5,1)]

    So, this would find situations where yesterday %K was above 20 and today %K is below 20.
  • JJJJ
    JJJJ ✭
    Got it. Thanks !
    JJJJ

Categories