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Published:

2006.10.27 13:37

Updated:

2014.04.21 14:55

ZeroLag_Stochs_true.mq4 (5.03 KB) view

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The Indicator ZeroLag Stochs_true is an George C. Lane’s indicator Stochastic Oscillator (Stoch) with zero delay. The Indicator ZeroLag Stochs_true in contrast with standard Stochastic Oscillator gives the signals on several bars earlier, but divergences/convergence denominated more obviously.

ZeroLAG Stochs_true calculates on formula:

Fast%K(i) = 100*(Close(i) - MaxHigh(N)) / (MaxHigh(N) - MinLow(N));

%K(i) = 2*MA(Fast%K(i), N) - MA(MA(Fast%K(i), N), N);

%D(i) = 2*MA(%K(i), P) - MA(MA(%K(i), P), P);

where:
Fast%K(i) - fast %K of the current bar;
Close(i) - close price of the current bar;
MaxHigh(N) - maximum High for N preceding periods;
MinLow(N) - minimum Low for N preceding periods;
MA - moving average;
N - the range of High/Low computation;
P - smoothing period for %D(i).

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/10039

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ZeroLag Stochs true - indicator for MetaTrader 4