Forex Blau SM Stochastic Signal Indicator

Forex Blau SM Stochastic Signal Indicator:

The BlauSMStochastic_Signal indicator shows information on the current trend using the values of the BlauSMStochastic indicator with a fixed timeframe.

The histogram of the initial indicator or the cloud can be a source of a signal, depending on the value of the indicator input parameter:

input Mode Method=MODE_CLOUD; // Method of analysis

When receiving signals from the histogram, the histogram color is shown. If the signal is formed by a colored cloud, in addition to the color the behavior of the cloud is analyzed. If the cloud is compressed and the trend is weakening, the color of the indicator is pale. When the cloud expands and trend increases, the color is bright. Colored dots on lines appear when the bar of the corresponding timeframe changes.

Test results:

Forex Blau SM Stochastic Signal Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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