Stochastic Network Cycle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Stochastic Network Cycle is a standard stochastic oscillator whose value calculation is not based on the price series but on the network cycle custom indicator value.
The standard stochastic oscillator may not respond to market cycles or volatility. It uses a fixed calculation period and does not adjust for changing market cycle lengths. Stochastic network cycles have no such disadvantages 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
📎 stochasticcybercycle.mq5 (9.82 KB)
Source: MQL5 #543
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