OnChart_Stochastic - MetaTrader 5 script - MQL5 #1736
The Stochastic Oscillator is located directly on the chart. In addition to the Stochastic oscillator, a classic MA is applied on the chart, which calculates overbought/oversold levels based on the Stochastic oscillator.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on April 30, 2008.
Figure 1. OnChart_Stochastic indicator
Attachment download
📎 onchart_stochastic.mq5 (8.87 KB)
Source: MQL5 #1736
OnChart_Stochastic - MetaTrader 5 script - MQL5 #1736 Usage and filtering recommendations
OnChart_Stochastic - MetaTrader 5 Script - MQL5 #1736 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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