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Published:

2018.10.25 15:00

StochasticEx.mq5 (12.4 KB) view

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Stochastic expansion oscillator is a stochastic oscillator with a non-conventional calculation and display.

The indicator has three input parameters:

%K period - K line calculation period
Slowing - slowing calculation period
Noise filter period - noise filter calculation period (signal line)

Calculation:

K = KB1+KB2
Signal = SMA(K, Noise filter period)

where:

KB1 = AvgLow/AvgHigh
KB2 = -AvgHigh/AvgLow
AvgLow  = SMA(LowB, Slowing)
AvgHigh = SMA(HighB,Slowing)
LowB  = Close-Min
HighB = Max-Close
Min, Max - the lowest and the highest prices in the %K period range

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22112

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StochasticEx - indicator for MetaTrader 5