Stochastic indicator on charts - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources
Due to its nature (it is an oscillator with known boundaries), the Stochastic Oscillator is suitable for making an "on-chart" version using the highest high/lowest low channel method. So, this too. Also added an additional coloring method (together with the existing 3): color change at signal line intersections
You can use it as any other stochastic indicator
"Big Picture" example compares a chart version with the usual same indicator; l separate window (selected cross signal line coloring mode)
Attachment download
📎 stochastic_hon_chartb.mq5 (14.17 KB)
Source: MQL5 #23921
Stochastic indicator on the chart - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Stochastic indicator on the chart - MetaTrader 5 script | Forex indicator download - 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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