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Published:

2018.06.16 10:08

Stochastic_Slow.mq5 (11.2 KB) view

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The Slow Stochastic oscillator shows in a separate window a stochastic calculated as follows:

SSD[i] = SMA(FSK,PeriodD)

SSDS[i] = SMA(SSD,Slowing)

where:

FSK[i] = (min / max) * 100.0,
SSD[i] = SMA(FSK,PeriodD),
min = close[i] - low[BL],
max = high[BH] - low[BL],
BH is the highest price index within the range from PeriodK to i,
BL is the lowest price index within the range from PeriodK to i,

if max = 0,

FSK[i] = 50.0

The indicator has five input parameters:

Period K - the period of calculating line K;
Period D - the period of calculating line D;
Slowing - the slowing period;
Overbought - overbought level;
Oversold - oversold level.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20571

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Stochastic_Slow - indicator for MetaTrader 5