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Indicators

BBS_Histogram - indicator for MetaTrader 5

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3457
Rating:
(10)
Published:
2018.10.25 15:33
BBS_Histogram.mq5 (20.87 KB) view
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Bar Based Stochastic indicator with histogram - modified stochastic with the K and D lines difference histogram.

The indicator has nine adjustable parameters:

  • %K period - stochastic K line period
  • %D period - stochastic D line period
  • Slowing - slowing
  • %K method - stochastic K line calculation method
  • %D method - stochastic %D line calculation method
  • Overbought - overbought level
  • Oversold - oversold level
  • Show %K line - display K line (Yes/No)
  • Show %D line - display D line (Yes/No)

Calculation:

K = MA(FastK, Slowing, %K method) D = MA(K, %D period, %D method) H = K - D

where:

FastK = 100.0 * mins/maxes mins  = Close - minLow maxes = maxHigh - minLow minLow, maxHigh - low and high prices in the %K period range H - histogram

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22077

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