The Q-period Stochastic Index indicator from the book "Momentum, direction and divergence" by William Blau, implemented in the form of a color histogram.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Figure 1. The BlauTStochI indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1986
The indicator plots three equidistant channels with the calculation periods defined in input parameters.Ang_AutoCh_HL-v1
The indicator plots an equidistant channel with the calculation period defined in input parameters.