New free code from MQL5: indicators, EAs, and scripts for traders.
Stochastic Oscillator from the book "Momentum, Direction and Divergence" by William Blau implemented in the form of a color histogram with a signal line in the form of a colored cloud.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Capture price channel breakouts with the Price Channel Expert Advisor. Precise entries and exits. Explore now.
Figure 1. The BlauTSStochastic indicator
Thanks for reading. Discover premium MetaTrader solutions at RobotFX.
2028
