TBS - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Like the bar-based stochastic indicator , the tick-based stochastic indicator is a modified stochastic indicator

It has eight tunable parameters:

 K = MA(FastK, Slowing, %K method)
D = MA(K, %D period, %D method)
FastK = 100.0 * minutes / maximum minutes = application price - minLow
Maximum value = maximum high - minimum low minLow, maxHigh - the lowest price and the highest price within the %K period range
 Attachment download
 📎tbs.mq5 (17.23 KB)
 Source: MQL5 #22113
TBS - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 TBS - 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.