On chart stochastic (like) - indicator for MetaTrader 5

On chart stochastic (like) – indicator MetaTrader 5

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This is a sort of stochastic indicator on chart. If, defaults are used, then it calculates the same way as built-in stochastic that uses high/low prices. In this indicator you have choice of extended (non-standard) prices

Comparison to “regular” stochastic :


Recommendations:
  • you can use it as any other stochastic
  • color changes can be used as usual stochastic OB/OS signals 
On chart stochastic (like) – indicator MetaTrader 5
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