Stochastic_Bar - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Simple indicator based on the standard stochastic indicator. In addition to the main and signal lines of the standard Stochastic indicator, it also plots a color histogram between these two lines. The histogram color depends on the position of the lines relative to each other and relative to the overbought/oversold lines.
It has seven configurable parameters:
Attachment download
📎 stochastic_bar.mq5 (14.02 KB)
Source: MQL5 #21252
Stochastic_Bar - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Stochastic_Bar - 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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