Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.09.21 16:45

SpudsStochastic - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 20

Real author:

Vladimir Hlystov

The indicator contains 8 Stochastic oscillators.

The default value of «Slow» and «period %D» parameters is left – 3. %K will change from 6 to 24.

Thus, we have 8 Stochastics with the following parameters (6, 3, 3), (9, 3, 3), (12, 3, 3), (14, 3, 3), (16, 3, 3), (19, 3, 3), (21, 3, 3), (24, 3, 3).

Only the main line is used for all indicators.

When all Stochastics are gathered together forming a single thin line (a bundle of lines), we should prepare for a deal. The bundle should form the peak and turn in the opposite direction. This is the moment for market entry. The peak should be located within overbought / oversold areas or near their borders.

Color bars are set when all Stochastics leave overbought / oversold areas.

Indicator input parameters:

//| Input parameters of the indicator |
input int LevelUp = 85; // level of overbought zone
input int LevelDn = 15; // level of oversold zone
input ENUM_MA_METHOD ma_method=MODE_SMA; // smoothing type
input ENUM_STO_PRICE price_field=STO_LOWHIGH; // stochastic calculation method 



This indicator was first implemented in MQL4 and published in Code Base at 7.03.2012 (in Russian). 

Translated from Russian by MetaQuotes Software Corp.
Original code:


This indicator is a modified version of RSI that can be placed on a chart having another timeframe. It also allows users to change RSI and the signal line's smoothing algorithms.

XLineRegression XLineRegression

XLineRegression creates levels based on the linear regression algorithm.

2 Symbols on Chart 2 Symbols on Chart

The indicator displays the second chart over the main one using the reference point.

Spread Of Symbols Spread Of Symbols

The indicator shows the chart of the difference (sum) of trading symbols' prices. It is suitable for visual estimation of trading symbols' correlation. It will be very useful for traders interested in pairs trading (spread trading). Indicator bars are synchronized by time with the bars of the chart the indicator is launched at.