Improved Stochastic.

It's hard to find a trader who isn't familiar with the Stochastic Oscillator. This 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 quite good, but it can be improved if desired.

This improved Stochastic is an attempt to make the familiar script more efficient.

Essentially, the authors created a combined version of the Stochastic and MACD , significantly improving visual perception and, consequently, the effectiveness of the analysis. A total of eight stochastic indicators are used in the script.

If desired, you can change the following parameters:

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

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

The most favorable market entry points are when the histogram bars begin to decrease and the indicator moves toward the 0.00 line.

Download the Stochastic indicator .