MetaStock Stochastic Oscillator Function

MetaStock Stochastic Oscillator Function
The Stochastic Oscillator is another popular oscillator that is widely used. The premise behind its calculation is that when a security is rising, it tends to close near the high of a recent period and a falling security closes near its low. So, the Stochastic actually measures the price of a security relative to the high/low range over a set period of time. Thus it provides an indication of where the security is presently trading within its recent trading range. CALCULATION The formula for the Stochastic Oscillator (K) is: