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Published:

31 January 2014, 14:02

Updated:

29 March 2023, 13:42

blautsstochastic.mq5 (11.07 KB) view

\MQL5\Include\

smoothalgorithms.mqh (134.03 KB) view

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Stochastic Oscillator from the book "Momentum, Direction and Divergence" by William Blau implemented in the form of a color histogram with a signal line in the form of a colored cloud.

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 BlauTSStochastic indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2028

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