You're a BOSS @Mladen Rakic !!! LOL
This is an upgraded step stochastic
Two points probably need an explanation :
Price filtering (and average range smoothing) : both are introduced in order to make filter out some false signals. As usual, probably the best is to show an example comparison , so here it is : upper is without price filtered (averaged), lower is using a very mild 5 period ema for price filtering - the difference is even like this obvious :
It needs to be experimented with, but, as far as I have noticed it in visual tests, it tends to be OK and is what we could call : an improvement, to the previous version.
The code is highly optimized now (to the extent that step stochastic is a function now - that can use anything as an input for calculation) and is cross platform portable (it will work the same way on mt4 as on mt5 - only two lines need to be changed) which means that it will be done for metatrader 4 too ASAP :)
One possibility that is less known about this type of step stochastic : see the example when slow parameter is set to less than 1 (be advised that it is a highly experimental territory and that for slow parameter set to, in general, values less than 0.5 results can be illogical) - that opens a whole new ground for experimenting with these types of settings
PS: the "less than 0.5" setting for slow parameter is worked on and is going to be altered to do some automatic adjustments for those settings, so, in the mean time : happy "experimenting" :)
I need to convert for MT5 use the attached indicators
About spectrometr indicator there also is a dll file but it is not allowed to attach dll files here: any suggest?
Thank you so much for your help; your work for this community is unvaluable
do you have any trend like notch indicators?
something that doesn't back-paint?
Or, anybody else price-action-like?