A Stochastic Oscillator Calculated from Pseudo-Weekly Bars
Summary
KPrmSt is described as a stochastic oscillator calculated from pseudo-weekly bars. This defines its distinctive input: instead of applying the oscillator directly to standard chart bars, it derives the calculation from bars assembled to represent weekly intervals. The document names the indicator’s author and notes that an earlier MQL4 implementation was published in 2010.
The description does not specify how the pseudo-weekly bars are constructed, which stochastic settings are used, or how the output should guide entries, exits, or position sizing. It points to a smoothing-algorithm library required by the implementation, but offers no charts beyond a caption, backtest, or performance evidence. The concept may be relevant to traders comparing indicator readings across aggregation schemes, while the available information is too limited to assess the signal’s behavior or usefulness in practice.
Key ideas
- KPrmSt applies a stochastic calculation to pseudo-weekly bars.
- The document identifies the indicator’s author and notes an earlier MQL4 implementation.
- It does not explain how pseudo-weekly bars are built or provide the oscillator settings.
- No trading rules or performance evidence are supplied.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.