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