DYO: %K > 60 vs. %K X> 60 explained
Q: I have looked but can not find the distinction between these two. My guess is that %K x > 60 means that the %k value has crossed the 60 in the last bar but this does not seem logical. Where would I find the answer for a question like this?
A: Our notation of X> means cross above and that Boolean flag would be true on a single bar as an event.
Our notation of > means above and that Boolean flag is a relationship that could be true on several bars in sequence.
X< means Cross Below
< means Below.
<= means Less than or Equal.
The statement you have below is correct and it is logical that %K value crossed above 60 with this bar's Stochastic value. Prior bar's %K value was below 60 so there could be a crossing in the upward direction.
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Last modified 8/7/08 3:24 PM