So that's basically a Stochastic version of any indicator. Nice idea. I have tried it once and it has potential...
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Hi guys, I have seen this indicator: Will-Spread .mq4 - MQL4 Code Base
and I want to have an index indicator that computes and plots the graph of the index of the above indicator?
the formula is this:
[TODAY'S READING of above indicator - LOWEST READING of above indicator(say in the last 20days)]
---------------------------------------------------------------------------------------------------- X 100
[HIGHEST READING of above indicator(say in the last 20days) - LOWEST READING of above indicator(say in the last 20days)]
variable: last X days
any help is appreciated because i am not a programmer.