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Published:

20 January 2016, 11:03

Updated:

22 November 2016, 07:32

metro_stochastic_sign.mq5 (9.42 KB) view

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Real author:

TrendLaboratory Ltd.

Semaphore signal indicator based on the ColorMETRO_Stochastic indicator color change algorithm.

Figure 1. The METRO_Stochastic_Sign indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14521

The VKW_Bands_Modify_Stochastic with the timeframe selection option available in the input parameters.

VKW_Bands_Modify_Stochastic

The indicator for determining the time when the pending orders should be placed, using the ColorMETRO_Stochastic oscillator.

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METRO_Stochastic_Sign - indicator for MetaTrader 5