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Published:

2018.09.27 15:35

Dinapoli_Preferred_Stochastic.mq5 (9.6 KB) view

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The Dinapoli Preferred Stochastic indicator uses the smoothing method described by Joe DiNapoli, which differs from the standard stochastic.

There are four input parameters:

%K period - K line calculation period;
%D period - D line calculation period;
Slowing - slowing calculation period;
Applied price - price used for calculations.

Calculations:

K = PrevK + (FastK -PrevK) / Slowing
D = PrevD + (K - PrevD) / %D period

where:

FastK = 100.0 * (Close-Min) / (Max-Min)
Max, Min are the highest and lowest prices within the '%K period' interval

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21716

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