BlauSMStochastic - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The stochastic oscillator (based on stochastic momentum) from the book "Momentum, Direction and Divergence" by William Blau is implemented in the form of a color histogram, where the signal lines are implemented as colored clouds.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1. BlauSMStochastic indicator
Attachment download
📎 blausmstochastic.mq5 (10.96 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #2003
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