The William Blau Stochastic Oscillator indicator shows the William Blau stochastic oscillator.
It has six input parameters:
Period – calculation period;
First smooth period – the initial smoothing period;
Second smooth period – the secondary smoothing period;
Third smooth period – the resulting smoothing period;
Signal period – the signal line period;
Applied price – price used for calculations.
Calculations:
Blau_TStoch = 100*Stoch_EMA3/HH_EMA3,
Signal = EMA(Blau_TStoch, Signal period)
where:
Stoch_EMA3 = EMA(EMA(EMA(Stoch, First smooth period), Second smooth period), Third smooth period),
HH_EMA3 = EMA(EMA(EMA(HH, First smooth period), Second smooth period), Third smooth period),
Stoch [i] = Price[i]-Min,
HH[i] = Max-Min,
Max, Min are the highest and the lowest price within the range from (i-Period+1) to (i)
