Random Experiment - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

It seems that for a long time, randomness has been ignored.

We've seen new types of RSI, new types of moving averages, new types of ADX, new types of SAR, new types of almost everything...except stochastics. Not just filtering the input or using something else instead of the price for the calculation, but "purely random" would be different (new). Well, this changes a bit...

This random number allows you to have 4 different types of randomness. And their types are indeed different, because the "core" of random changes, and it creates new types of random - the price doesn't change at all. By default, if you are using a simple moving average for stochastic calculations, the stochastic indicator is exactly the same as the built-in stochastic indicator. But the remaining averages (EMA - Exponential Moving Average, SMMA - Smoothed Moving Average and LWMA - Linear Weighted Moving Average) generate stochastic indicators of the new stochastic type.

Signals also have commonly used averaging types.

Colors and alerts are based on random signal crossovers (using random in the "classic" way), but even with these settings there is a lot of room for experimentation.

Attachment download

📎 stochastic_experiment.mq5 (15.16 KB)

Source: MQL5 #17060