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2016.10.28 15:13

Double Stochastic - indicator for MetaTrader 5

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votes: 10

A stochastic indicator with a twist: it is calculating a stochastic, and then a stochastic of that stochastic.

It is a variation of the well known double smoothed stochastic and as such it is filtering out a lot of false signals. For all the double smoothed stochastic versions, general rule of usage could be that they should be used on somewhat higher time frames — since it is a kind of a "trend" indicator, using it on very low time frames is not logical (having the very low time frames being almost nothing but noise)

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