The SlowK Divergence (SKDV) was authored by www.bayou.com. The SKDV doubly smooths the slow K stochastic over two time periods. The user may change the input (close), method (SMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using SlowK Divergence
The SlowK Divergence may be used in conjunction with other studies. No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>Oscillaors>SlowK Divergence
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//input = price, user defined, default is closing price
//period1 = user defined, default is 9
//period2 = user defined, default is 3
//method = moving average (ma), user defined, default is SMA
//stochK = stochastics fast K
//sk = slow K, index = current bar number
fastK = stochK(index, period1, input); sk = ma(index, period1, fastK); Plot: skdv = ma(method, index, period2, SK);