Stochastic_Bar – indicator for MetaTrader 5

A simple indicator based on standard stochastic. Along with the Main and Signal lines of standard stochastic, it also draws a color histogram between these two lines. Histogram color depends on the lines positioning against each other and against the overbought/oversold lines.

It has seven configurable parameters:

  • %K period – stochastic K line period;
  • %D period – stochastic D line period;
  • Slowing – stochastic slowing period;
  • Method – sotchastic calculation method;
  • Price field – stochastic calculation price field;
  • Overbought – overbought level;
  • Oversold – oversold level.
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Colors:

  • K > D and K < Overbought – green;
  • K > D and K > Overbought – light green;
  • K < D and K > Oversold – red;
  • K < D and K < Oversold – orange.

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