Indicators: Stochastic Index Blau_TStochI
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Stochastic Index Blau_TStochI:
Stochastic Index (normalized smoothed q-period Stochastic) by William Blau, described in the book Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis. The values of q-period smoothed Stochastic is normalized and mapped into the [0,+100] interval. It allows to determine the overbought/oversold of the market.
Author: Andrey N. Bolkonsky