Stochastic experiment – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • It seems that for a long time stochastic has been neglected.


    We
    have seen new kinds of rsi, new kinds of averages, new kinds of ADX, new kinds of SAR, new kinds of almost
    everything … except stochastic. Not just to filter inputs or to use something else instead of prices for calculations, but
    the “pure stochastic” that would be different (new). Well this one
    changes that a bit …

    This stochastic allows you to have 4
    different types of stochastic. And they are really different types,
    since the “core” of the stochastic is changed and it makes new kinds of
    stochastic — and prices are not changed at all. By default, if you are
    using simple moving average for stochastic calculations, then the
    stochastic is exactly the same as the built in stochastic. But the rest
    of the averages (EMA — exponential moving average, SMMA  — smoothed moving average and LWMA — linear weighted moving average) are producing stochastic that are
    new kinds of stochastic.

    Signal has the usual average types available too.

    Coloring and alerts are based on the stochastic to signal crosses (the
    “classical” way of using stochastic), but even with these settings, there
    is a lot of room for experimenting.

    Get E-Book Worth $100 for Free!!!

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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