Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Stochastic Momentum Oscillator Blau_SM_Stochastic - indicator for MetaTrader 5

Andrey F. Zelinsky | English Русский 中文 Español Deutsch 日本語 Português

Views:
5517
Rating:
votes: 16
Published:
2011.06.28 12:58
Updated:
2016.11.22 07:32
\MQL5\Include\

Author: Andrey N. Bolkonsky

Stochastic Oscillator by William Blau is based on Stochastic Momentum Index Indicator (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).

  • WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\
  • Blau_SM_Stochastic.mq5 must be placed in terminal_data_folder\MQL5\Indicators\

Stochastic Momentum Oscillator

Stochastic Momentum Oscillator

Calculation:

Stochastic Momentum Oscillator is calculated as follows:

SM_Stochastic(price,q,r,s,u) = SMI(price,q,r,s,u)
SignalLine(price,q,r,s,u,ul) = EMA( SM_Stochastic(price,q,r,s,u) ,ul)

where:

  • SM_Stochastic() - Stochastic Momentum Index SMI(price,q,r,s,u);
  • SignalLine() - Signal Line - exponentially smoothed moving average with period ul, applied to Stochastic Momentum Index;
  • ul - period of EMA smoothing of a Signal Line.

Input parameters:

  • graphic plot #0 - Stochastic Momentum Index:
    • q - period of Stochastic Momentum (by default q=5);
    • r - period of the 1st EMA, applied to Stochastic Momentum (by default r=20);
    • s - period of the 2nd EMA, applied to result of the 1st smoothing (by default s=5);
    • u ;- period of the 3rd EMA, applied to result of the 2nd smoothing (by default u=3);
  • graphic plot #1 - Signal Line:
    • ul - period of EMA smoothing of a Signal Line, applied to Stochastic Momentum Index (by default ul=3);
  • AppliedPrice - price type (by default AppliedPrice=PRICE_CLOSE).
Note:
  • q>0;
  • r>0, s>0, u>0. If r, s or u =1, smoothing is not used;
  • ul>0. if ul=1, the Signal Line and Stochastic Momentum Index are the same;
  • Min. rates=(q-1+r+s+u+ul-4+1).

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/372

Stochastic Momentum Index Blau_SMI Stochastic Momentum Index Blau_SMI

Stochastic Momentum Index by William Blau.

Stochastic Momentum Blau_SM Stochastic Momentum Blau_SM

Stochastic Momentum by William Blau.

Mean Deviation Index Blau_MDI Mean Deviation Index Blau_MDI

Mean Deviation Index (MDI) by William Blau.

Ergodic Mean Deviation Index Oscillator Ergodic_MDI Ergodic Mean Deviation Index Oscillator Ergodic_MDI

Ergodic Mean Deviation Index (MDI) Oscillator by William Blau.