Replacement of a standard Stochastic. It has the same parameters as the standard plus “sensitivity” parameter Sens in parameters window. It allows cutting off fluctuations below a certain level set in points. Thereby, the number of false signals is considerably reduced.
The fact is that the standard Stochastic (by Layne) locates the current price between price highs and lows for the number of bars set by %K (Kperiod) parameter. And it does not matter, if extreme points differ from each other by 1 or 100 points. It will still indicate oversold/overbought values. Implementation of some limit allows cutting off oscillations that are inconsiderable for a trading system.
Stochastic code for beginners by William210 -… Good morning. All codes, all functions have examples in the official documentation if you want. I wanted to rewrite simpler code, easier…
Stochastic MACD - indicator MetaTrader 5 Backround: In “The Stochastic MACD Oscillator” of November 2019 issue of TASC, author Vitali Apirine introduces a new indicator created…
