Stochastic MACD - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
In "The Stochastic MACD Oscillator" in the November 2019 issue of TASC, author Vitali Apirine explains how to combine the Stochastic Oscillator with the MACD. He described the new indicator as a momentum oscillator, explaining that it allows traders to define overbought and oversold levels similar to the classic stochastic indicator, but based on the MACD.
This is the Metatrader 5 version of this indicator.
Attachment download
📎 stochastic_macd.mq5 (10.9 KB)
Source: MQL5 #28305
Stochastic MACD - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Stochastic MACD - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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 only on titles or short-term profit descriptions.
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