Premier Stochastic Oscillator [v01] - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
![Premier Stochastic Oscillator [v01] - indicator for MetaTrader 5](http://eacpu.com/content/uploadfile/mql5/mql5_89cfb87bd5b868c5a227657785d3fa3b.jpg)
traderak20, based on Lee Leibfarth's article in TASC Magazine (August 2008), see Trader.com article (subscription required).
For instructions on how to use the Prime Stochastic Oscillator, see Investopedia.com
You can set the parameters of the Stochastic indicator as normal, and during this time the EMA is used to calculate the primary Stochastic oscillator.
Parameters can be set to display the oscillator as a histogram and/or line, single color or multi-color. You can add arrows to clearly show when the indicator crosses the outer limit, which is especially useful when you are just using lines and not a histogram.
Attachment download
📎 premier_stochastic.mq5 (10.58 KB)
Source: MQL5 #339
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