Stochastic Expansion - Floating Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The built-in stochastic indicator allows only two price combinations. All remaining prices are included in the "Extended" version. This version further expands the indicator: it adds "floating levels".
Instead of using certain fixed levels as criteria for overbought and oversold, the indicator now calculates "floating levels" that adjust themselves based on changes in the stochastic indicator. This implicitly makes the random adaptive, so in this case w we can say we have an adaptive extended random
You can use color changes as signals. Setting the upper and lower limits to 50% actually simulates a kind of "zero line" crossover for the stochastic - there is no real zero line
Attachment download
📎 stochastic_extended_fflp.mq5 (21.13 KB)
Source: MQL5 #23361
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