Blau_TStoch - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
William Blau Stochastic shows the William Blau Stochastic.
The indicator has five input parameters:
Blau_Stochastic = EMA(EMA(EMA(Stoch, first smoothing period), second smoothing period), third smoothing period), where Stoch[i] = Price[i]-Min, Min is the lowest price in the range from (i-Period+1) to (i)
Attachment download
📎 blau_tstoch.mq5 (11.75 KB)
Source: MQL5 #20517
Blau_TStoch - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Blau_TStoch - 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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