Blau_Stochastic_Index - MetaTrader 5 Script - MT4/MT5 Resource

The Blau Stochastic oscillator shows the William Blau Stochastic.

It has five input parameters:

 Random[i] = 100*Diff[i]/Range[i]-50,
Signal[i] = 100*Diff_MA3[i]/Range_MA3[i]-50

Where:

 Diff_MA3 = MA(Diff_MA2, method, signal period),
Diff_MA2 = MA(Diff_MA1, method, second cycle),
Diff_MA1 = MA(difference, method, first period),
Range_MA3 = MA(Range_MA2, method, signal period),
Range_MA2 = MA(Range_MA1, method, second period),
Range_MA1 = MA(range, method, first period),
Diff[i] = Close[i]-Min,
Range[i] = maximum-minimum,
Max and Min are the highest price and lowest price in the range from (i-Period+1) to (i) respectively.