BlauTStochI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This Q-Period Stochastic Index is an indicator from the book "Momentum, Direction and Divergence" by William Blau, implemented in the form of a color histogram.
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. BlauTStochI indicator
Attachment download
📎blautstochi.mq5 (8.86 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1986
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