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-- Big Mike, Site Administrator
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@Big Mike: I have taken the formula from the presentations and converted it into an indicator. The indicator is attached. The recursive part of the formula is only calculated once per bar, the indicator should therefore well perform when used with CalculateOnBarClose = false.
I have also produced a sample chart with the Stochastics(7,20,3) preceded by the roofing filter to remove spectral dilation distortion.
I would like to see the roofing filter for Sierra Chart as well. I may pester @vegasfoster to tackle that one, or one of the many other fine programmers. I don't have any use for it with my charts but would like to play with it, as I liked what was taught in the webinar.
Yeah, that's me, one many fine programmers. LOL. That said, I think I can do it, will take a look tomorrow, unless another fine programmer beats me to it .
For those, who have already downloaded the Roofing Filter: I have replaced the indicator file in #11.
The original version was not properly initialized for the first values. As all IIR filters carry over a fraction of the error to the next bar, the first few hundred bars on the chart (if you scroll back to the extreme left) had false values. With proper initialization the training period for the indicator is now reduced as much as possible.
Maybe I should refrain from quickly coding indicators after midnight.
If you post a screenshot and ask questions about an indicator, please make sure
-> that you hide the instrument
-> that you hide the chart settings such as bars type and bar period
-> that you obfuscate all price levels
-> that you make sure that there are no indicator settings shown on your chart
In fact, with everything obfuscated, it is much more fun to answer your question, but you may not get the answer that you are waiting for.