Stochastic oscillator Question

[chrischoir]

Hi, I have 2 charts both charts have Stochastic oscillator period set to 14.
One chart have interval of 5 minutes the other is set to 1 hour interval.
Why do the Stochastic oscillators look different? is software recalculating the 5 minute different than the 1 hour chart? thank you in advance.

 

[earth_imperator]

Things are as they are.
The algorithm (ie. the underlying maths) is correct.
You can understand it best if you first study & experiment with simple moving average (SMA).

So, bottom line is: be careful when using a different interval, as then the result mostly differs.
Ergo: stick always to the same parameters...

S.a.
https://en.wikipedia.org/wiki/Stochastic_oscillator
https://en.wikipedia.org/wiki/Moving_average#Simple_moving_average
https://en.wikipedia.org/wiki/Moving_average_crossover

 

[SunTrader]

There are not scaled together so how can you tell they look different. A 5 minute chart has twelve times as many bars as a 1 hour chart.

Regardless Stoch or any other indicator will most of the time be different looking on different timeframes. It is when they "line-up" that you pay attention.

 

[Scataphagos]

Why do the Stochastic oscillators look different?

The 5-min shows action over the last 70 minutes. The hourly chart, last 70 hours.

 

[murray t turtle]

Hi, I have 2 charts both charts have Stochastic oscillator period set to 14.
One chart have interval of 5 minutes the other is set to 1 hour interval.
Why do the Stochastic oscillators look different? is software recalculating the 5 minute different than the 1 hour chart? thank you in advance.

View attachment 290568
View attachment 290569

%
IT sure is, on those charts;
i measured it[before i rightly assumed it was].
Same reason a 50 day moving average is different from 50 week moving average ;
one of my chart systems auto translates a 50dma into a 50 wma.[Not to be confusing but IBD puts a 50 day movin average on its weekly charts, so in that case its the same]
All the false signals= noise on 5 minutes is one reason even Don Bright Daytrading Co did not like 5 minutes charts. He said every ship wreck has a chart on the bottom of ocean.

 

[easymon1]

https://www.elitetrader.com/et/threads/the-stochastic-indicator.14129/