Double Smoothed Stochastic Blau - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This version is easily traceable. It was originally published in a TASC article "Double-Smoothed Stochastic" by William Blau back in 1990. The calculation is defined as:
It performs calculations as described and adds signal/trigger lines for easy trend assessment.
You can use color changes as signals.
Attachment download
📎dss_blau.mq5 (16 KB)
Source: MQL5 #23278
Double Smoothed Stochastic Blau - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Double Smoothed Stochastic Blau - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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