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Bleu Stochastic

by mdmd, 676 days ago
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Description:
Stochastic Index (normalized smoothed q-period Stochastic) by William Blau, described in the book Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis.

The values of q-period smoothed Stochastic is normalized and mapped into the [0,+100] interval. It allows to determine the overbought/oversold of the market.

I re-wrote the code I found here:
http://www.mql5.com/en/code/364







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Type: Trading Indicator

Object ID: 1009


Country:
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Style:
Technical Analysis

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