The William Blau Stochastic indicator shows the william Blau stochastic.
The indicator has five 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;
Applied price – price used for calculations.
Calculations:
Blau_Stochastic = EMA(EMA(EMA(Stoch, First smooth period), Second smooth period), Third smooth period), where
Stoch[i] = Price[i]-Min,
Min is the lowest price within the range from (i-Period+1) to (i)
