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Views:: 3896
Rating:: (6)
Published:: 2018.07.13 15:37

Stochastic_Bar.mq5 (14.02 KB) view

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A simple indicator based on standard stochastic. Along with the Main and Signal lines of standard stochastic, it also draws a color histogram between these two lines. Histogram color depends on the lines positioning against each other and against the overbought/oversold lines.

It has seven configurable parameters:

%K period - stochastic K line period;
%D period - stochastic D line period;
Slowing - stochastic slowing period;
Method - sotchastic calculation method;
Price field - stochastic calculation price field;
Overbought - overbought level;
Oversold - oversold level.

Colors:

K > D and K < Overbought - green;
K > D and K > Overbought - light green;
K < D and K > Oversold - red;
K < D and K < Oversold - orange.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21252

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Stochastic_Bar - indicator for MetaTrader 5