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2011.11.23 15:42
Indicators

Stochastic CG Oscillator - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
3178
Rating:
votes: 10

Real author:

Witold Wozniak

Stochastic CG Oscillator - is a Stochastic oscillator, the values of which are calculated based not on a price series, but on CG Oscillator indicator values.

Standard Stochastic oscillator may not react on market cycles or volatility. It uses fixed calculations period and does not adjust to the constantly changing market cycle length. Stochastic CG Oscillator does not have such a drawback and it can be adjusted to the current market volatility.

The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine. The simplest trading system involving this indicator is completely equivalent to Stochastic oscillator or RSI.

Stochastic CG Oscillator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/544

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