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Views:: 3288
Rating:: (8)
Published:: 2018.08.23 12:48

WVF_Stochastic.mq5 (12.7 KB) view

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William's Vix Fix Stochastic oscillator is calculated based on William's Vix Fix indicator

There are five inputs:

WVF period - William's Vix Fix calculation period
%K period - stochastic %K line calculation period
%D period - stochastic %D line calculation period
Overbought - overbought level
Oversold - oversold level

Calculation:

K = 100.0 * mins/maxes,
D = SMA(K, %D period)

where:

mins = WVF - MinLow
maxes = MaxHigh - MinLow
MinLow, MaxHigh - minimum and maximum WVF values in the %K period range
WVF = 100.0 * (MaxR-Low) / MaxR
MaxR - maximum Close price in the WVF period range

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21424

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WVF_Stochastic - indicator for MetaTrader 5