Stochastic CG Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Stochastic CG Oscillator - is a stochastic oscillator whose value is calculated not based on the price series, but on the CG Oscillator indicator value.
The standard stochastic oscillator may not respond to market cycles or fluctuations. It uses a fixed calculation period and does not adjust for changing market cycle lengths. The Stochastic CG Oscillator has no such drawbacks and can adjust to current market fluctuations.
This indicator was inspired by John Ehlers' article "Using the Fisher Transform" published in the November 2002 issue of Technical Analysis of Stocks and Commodities magazine. The simplest trading system involving this indicator is exactly equivalent to the Stochastic Oscillator or the Relative Strength Index .
Attachment download
📎 stochasticcgoscillator.mq5 (9.48 KB)
Source: MQL5 #544
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