Stochastic Average (on chart) - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resource
The stochastic oscillator is often used for prices. But sometimes that makes a lot of noise. There are some filtering methods that can be used (like this: filtering randomization of prices ).
This release adds an option to use averages for this purpose instead. Available average types:
Additionally, the version is displayed directly on the main chart rather than in its own subwindow
You can use color change as signal (3 color change modes added for this purpose)
Attachment download
📎 stochastic_of_average_bon_chart9.mq5 (22.23 KB)
Source: MQL5 #23922
Stochastic Average (on the chart) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Advice
Stochastic Average (on the chart) - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 resources are resources related to Forex indicators. 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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