Improved Stochastic.

It is difficult to meet a trader who is not familiar with the Stochastic oscillator; a similar technical analysis tool is built into every metatrader terminal and is quite effective.

Stochastic works by using overbought and oversold levels, which are formed by supply and demand.

Overall, the tool is not bad, but it can be improved if desired.

The presented improved Stochastic is precisely an attempt to make the familiar script more efficient.

In fact, the authors came up with a combined version of Stochastic and MACD , which significantly improved visual perception, and with it the efficiency of the analysis. In total, the script uses 8 stochastics.

If desired, you can change the following parameters:

Stoch_D – location of line D.
Stoch_K – location of line K.
Stoch_S – delay time.
Koef – coefficient on the basis of which the parameters of the first Stochastic are multiplied.

Opening trades based on the improved indicator is quite simple; just look at the history of its work.

The most successful entry points into the market are the places when the histogram bars begin to decrease and the indicator moves towards the 0.00 line.

Download the Stochastic indicator .