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Indicators

Stochastic of alb average - indicator for MetaTrader 5

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3241
Rating:
(16)
Published:
2018.09.10 14:05
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Stochastic that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculation


Of price filtering for stochastic :

The advantage of using the filtered (smoothed) price is that some of the false signals are filtered out at the source itself (by averaging the price) and it the is omitted (the false signal) in the stochastic calculation) too. Also, since the average is adaptive it implicitly makes the stochastic adaptive too

ALB averages that can be used :

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Usage :

Some experimenting with parameters is advised, but the usage of this stochastic is the usual : either use the slope or some significant levels crossing for signals

RSI of alb average RSI of alb average

RSI of adaptive lookback average

Phase change index - JMA Phase change index - JMA

Phase change index - JMA

RSI of alb average - wnz RSI of alb average - wnz

TSI of adaptive lookback average - with normalized zones

Stochastic of alb - wnz Stochastic of alb - wnz

Stochastic of adaptive lookback average - with normalized zones