Who makes the best stochastic oscillator indicator for metatrader 4?
There is no such thing as best stochastic
I have been playing with the simple slow stochastic 14,3,3 setting on mt4 using an average true range renko chart with interesting results. is there a better custom reliable optimized stochastic? or perhaps a more reliable custom indicator that works better out there?
hparefer
Stochastic is what is usually called a min max normalization (with some smoothing added - a long known math mode that was preceding the stochastic name). It was used for all sorts of calculations : stochastic (regular), stochastic of averages, stochastic of macd, stochastic of almost anything (wherever people thought that it would be good to normalize values)
Anyway, it all depends on your needs and your trading style. One may work for one trading style (system) and would not work for another trading style (system). So there is no such thing as the best stochastic - it all depends on how you trade what should you chose and use
hparefer
Stochastic is what is usually called a min max normalization (with some smoothing added - a long known math mode that was preceding the stochastic name). It was used for all sorts of calculations : stochastic (regular), stochastic of averages, stochastic of macd, stochastic of almost anything (wherever people thought that it would be good to normalize values)
Anyway, it all depends on your needs and your trading style. One may work for one trading style (system) and would not work for another trading style (system). So there is no such thing as the best stochastic - it all depends on how you trade what should you chose and useNice explanations - did not know the origins of stochastic (the name did not sound logical)
Stochastic of ma or T3 - is better
Stochastic of ma or T3 - is better
Those are not bad either - depends on your trading style, of course
Those are not bad either - depends on your trading style, of course
I am trend trader so it suites me
I am trend trader so it suites me
For that style of trading it really can be useful with right settings
Re: who makes the best stochastic oscillator indicator for metatrader 4? For that style of trading it really can be useful with right settings
can not find it
Is there a stochastic of the averages?
can not find it
Is there a stochastic of the averages?SebastionK there is one here; https://www.mql5.com/en/forum/180002/page35
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I have been playing with the simple slow stochastic 14,3,3 setting on mt4 using an average true range renko chart with interesting results. is there a better custom reliable optimized stochastic? or perhaps a more reliable custom indicator that works better out there?