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BBS.mq5 (17.82 KB) view

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Bar Based Stochastic indicator is a modified stochastic.

There are seven configurable parameters:

Calculation:

K = MA(FastK, Slowing, %K method)
D = MA(K, %D period, %D method)

where:

FastK = 100.0 * mins/maxes mins = Close - minLow maxes = maxHigh - minLow minLow, maxHigh - low and high prices in the %K period range

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22076

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