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

Indicator ZLS (Zero Lag Stochastic) - Zero Lag Stochastic - the ratio of several stochastics with different periods %К, deceleration and weights.

The indicator has 31 input parameters:

First random data:

Second random data:

The data for stochastics 3, 4 and 5 are similar:

 K = (S1 + S2 + S3 + S4 + S5) / Sum of weights D = K / Smooth + PrevD * (Smooth-1) / Smooth

Where:

 S1 - Stochastic (1 %K period, 1 %D period, 1 slowdown, 1 method, 1 price field)
S2 - Stochastic (2 %K periods, 2 %D periods, 2 slowdowns, 2 methods, 2 price fields)
S3 - Stochastic (3 %K Period, 3 %D Period, 3 Slowdown, 3 Methods, 3 Price Fields)
S4 - Stochastic (4 %K Period, 4 %D Period, 4 Slowdown, 4 Methods, 4 Price Fields)
S5 - Stochastic (5 %K Period, 5 %D Period, 5 Slowdown, 5 Methods, 5 Price Fields)