JMA fast-K stochastic
This indicator is our version of the classic Fast %K stochastic, whereby price data is pre-smoothed by JMA prior to evaluating the oscillator.
The chart below shows one version of a JMA Fast-K where the trailing average line was removed. Using JMA as a proxy for price itself delivers plots with low-noise, oftentimes rendering the trailing moving average line unecessary.
In this example, we created a simple trading strategy that entered LONG when the oscillator crossed above the lower threshold line and exited whenever the oscillator was below the upper threshold line and falling.
The trading strategy shown
above is NOT included with the Jurik Technical Indicator Toolset.
This was shown for demonstration purposes only.
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