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

Vladimir Hristov

This indicator contains 8 stochastic oscillators.

The default values ​​of the «Slow» and «period %D» parameters are retained at – 3. %K will change from 6 to 24.

Therefore, we have 8 stochastic indicators with the following parameters (6, 3, 3), (9, 3, 3), (12, 3, 3), (14, 3, 3), (16, 3, 3), (19, 3, 3), (21, 3, 3), (24, 3, 3).

All indicators use only the main line.

When all the stochastic indicators come together to form a thin line (a bunch of lines), we should be ready for a trade. The bundles should form peaks and turn in opposite directions. This is the time to enter the market. The peak should be within or near the overbought/oversold zone.

Color bars are set when all stochastics leave the overbought/oversold zones.

 //+------------------------------------------------+
//|Input parameters of the indicator|
//+------------------------------------------------+
Enter integer upgrade = 85 ; // Overbought zone level
Enter integer level Dn = 15 ; // Oversold zone level
Input ENUM_MA_METHOD ma_method= mode_SMA ; // smoothing type
Input ENUM_STO_PRICE price field = STO_LOWHIGH ; // Random calculation method 

Potato Stochastic

The indicator was first implemented in MQL4 and published in the code base: mql4.com March 7, 2012 (in Russian).

Attachment download

📎 spudstochastic.mq5 (15.18 KB)

Source: MQL5 #1002