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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 4819
- Rating:
- Published:
- 2018.11.15 19:43
- Updated:
- 2019.01.29 16:31
-
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Theory:
Stochastic oscillator is usually used on prices. But sometimes that produces much noise. Some filtering methods can be used (like this: Stochastic of Filtered Price).
This version:
This version adds an option to use averages for that purpose instead. The averages types that can be used:
- simple moving average(SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
Usage:
You can use the color change or some custom level crosses as signals.
![Stochastic extended](https://c.mql5.com/i/code/indicator.png)
Stochastic extended with the choices of the prices
![Dynamic Trader Oscillator](https://c.mql5.com/i/code/indicator.png)
Dynamic Trader Oscillator