Blau_Stochastic_Index – indicator for MetaTrader 5

  • A+

The Blau Stochastic Index Oscillator indicator shows the William Blau stochastic index.

It has five input parameters:

  • Period - calculation period;
  • First smooth period - the initial smoothing period;
  • Second smooth period - the secondary smoothing period;
  • Signal period - signal period;
  • Method - calculation method.


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


Diff_MA3 = MA(Diff_MA2, Method, Signal period),
Diff_MA2 = MA(Diff_MA1, Method, Second period),
Diff_MA1 = MA(Diff, 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] = Max-Min,
Max, Min are the highest and the lowest price within the range from (i-Period+1) to (i)

Blau_Stochastic_Index - indicator for MetaTrader 5


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