Indicators: Multistochastic

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Multistochastic:

The indicator for multi-currency technical analysis based on the related financial assets resonances.

The idea of the correlation between different financial assets is not new and it would be interesting to develop the algorithm based exactly on the analysis of such a regularities. The indicator contains multi-currency code based on the article of Vasily Yakimkin "Resonances - a New Class of Technical Indicators" published in the "Currency Speculator" magazine (2001).

In few words, the idea of this method is as follows. For example, to analyze the EUR/USD market we may use not only the readings of any indicator concerning this asset but also the readings of the same indicator concerning the related assets - EUR/JPY and USD/JPY.

It is better to use the indicator with the values normalized in the same range of changes to provide simplicity and convenience of measurements and calculations. Stochastic Oscillator is quite suitable for that purposes and it was used in this indicator.

Author: Nikolay Kositsin

Multistochastic

 

Array out of range in 'multistochastic.mq5' (385,7). Works only on the 1M period.


 
Good morning, is the indicator still supported ?
 
Hagal:
Good morning, is the indicator still supported?

Why would it need to be maintained? It's maintaining itself just fine.

Well, it's a tough, long-lived one. You could say: "And now it's more alive than ever!"

 
Nikolay Kositsin:

Why support him? He's doing fine on his own.

Well, such a strong longevity.

Thank you for the link!
Is it possible to implement that instead of a pair it is possible to substitute the value of timeframe and periods more to make 5-6 on one pair ?

 
Hagal:

Thank you for the link!
Is it possible to make 5-6 periods for one pair instead of a pair?

Everything is technically possible, just such things are the result of a certain labour, which takes time.

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