Like Bar Based Stochastic, Tick Based Stochastic is a modified stochastic
It has eight adjustable parameters:
%K period - stochastic K line period
%D period - stochastic D line period
Slowing - slowing
%K method - stochastic K line calculation method
%D method - stochastic D line calculation method
Applied price
Overbought - overbought level
Oversold - oversold level
Calculation:
K = MA(FastK, Slowing, %K method)
D = MA(K, %D period, %D method)
where:
FastK = 100.0 * mins/maxes
mins = Applied price - minLow
maxes = maxHigh - minLow
minLow, maxHigh - low and high prices in the %K period range