Average Stochastic - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The stochastic oscillator is often used for prices. But sometimes this can make 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:
You can use a color change or some custom level crossover as a signal.
Attachment download
📎 stochastic_of_average.mq5 (15.76 KB)
Source: MQL5 #23244
Average Stochastic - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Average Stochastic - 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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