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.
- 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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