Stochastic Momentum Oscillator Blau_SM_Stochastic – indicator MetaTrader 5

Author: Andrey N. Bolkonsky

Stochastic Oscillator by William Blau is based on Stochastic Momentum Index Indicator (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).

• WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\
• Blau_SM_Stochastic.mq5 must be placed in terminal_data_folder\MQL5\Indicators\

Stochastic Momentum Oscillator

Calculation:

Stochastic Momentum Oscillator is calculated as follows:

where:

• SM_Stochastic() – Stochastic Momentum Index SMI(price,q,r,s,u);
• SignalLine() – Signal Line – exponentially smoothed moving average with period ul, applied to Stochastic Momentum Index;
• ul – period of EMA smoothing of a Signal Line.

Input parameters:

• graphic plot #0 – Stochastic Momentum Index:
• q – period of Stochastic Momentum (by default q=5);
• r – period of the 1st EMA, applied to Stochastic Momentum (by default r=20);
• s – period of the 2nd EMA, applied to result of the 1st smoothing (by default s=5);
• u ;- period of the 3rd EMA, applied to result of the 2nd smoothing (by default u=3);
• graphic plot #1 – Signal Line:
• ul – period of EMA smoothing of a Signal Line, applied to Stochastic Momentum Index (by default ul=3);
• AppliedPrice – price type (by default AppliedPrice=PRICE_CLOSE).

Note:

• q>0;
• r>0, s>0, u>0. If r, s or u =1, smoothing is not used;
• ul>0. if ul=1, the Signal Line and Stochastic Momentum Index are the same;
• Min. rates=(q-1+r+s+u+ul-4+1).